In developing markets, a new headache: cheaper commodities

In
emerging markets for today
time was more than enough
problems. Suffice it to mention at least
the prospect of the Fed raising rates or
Greek crisis - the constant stress
recent months. By "compote"
Today there is also the sharp drop
commodity prices.

it
It affects the currency in developing
countries around the world. south african
rand, Russian ruble, and the Colombian
Chilean Peso - these are examples of currency,
that depend on commodity exports
goods. they all fell today.

Even
Mexico, which has suffered less than others
from the ongoing reduction in price of oil
(Thanks to strong industrial and export
sector and a number of prudent hedging measures)
now it is suffering. Mexican peso
world currency eighth in popularity,
frequent trading by investors as
"Conductor" for less traded currencies
in emerging markets. Today it
It dropped to its lowest level.
Investors reduce their occurrence in
risky assets.

On
many developed markets have the same problem.
A striking example - the Australian dollar,
who lost today to the American
0,95%: AUDUSD to 18.22 MSK is
at 0.7427. Australians
presses the sad fate of China, which,
according to many forecasts, will have to
to reduce its consumption of metals.
Falls and New Zealand Dollar: Kiwi
I lost today to USD 0,55% to
0.6648 mark. New Zealand Economy
It is closely linked to world prices for
Milk: Milk is also cheaper.

Gold still holds, but the other products are beginning to fall in price dramatically. Effect
Domino is called anorexic
risk relative to EM-currencies
(Trade emerging markets). There now
acts too many intersecting
streams.

but
not so bad: 50% fall in prices
Oil last year hit hard
oil exporters - such as Brazil
and Russia, but went into the hands of a major
importers. For example, in India,
Philippines and Thailand fell sharply
energy costs. Indian
Rupee to date - the most
«Lucky» EM-currency II
quarter: it rose to the dollar
0.3%.

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