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The Turkish currency and debt sell-off, with the lira down as much as 20% on Friday, is pressuring other emerging markets and exposing some European banks. Strategists said it was not seen as a trigger for a broader banking crisis, and stocks sold off globally.
Emerging-market weakness and a stronger dollar could persist, pressuring currencies and risk assets that underpin import demand for feed and other commodities.
cnbc.comPatti DommAug 10, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
