FX Breakout Monitor: Oil-related FX in full retreat
The strongest currency at the moment is the Euro, which has leaped higher versus the US dollar but still far from upside breakouts due to the long recent sell-off. The same goes for USDJPY, but EUR crosses elsewhere are breaking higher, led by EURAUD and EURNOK, but the oil-sensitive CAD is also tumbling as oil prices plunge.
EM FX Carry Trade Update - February 26, 2020
EM currencies specifically linked to the fallout from the coronavirus outbreak were already under some pressure recently, but now the backdrop has become less friendly across the board for EM currencies this week, as the risk contagion has become less selective amidst a large sell-off in risky assets.