RATE Group | Bitcoin Price Rally Supported by Plunge in Argentinian Peso, EM FX
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Bitcoin Price Rally Supported by Plunge in Argentinian Peso, EM FX

13 Aug Bitcoin Price Rally Supported by Plunge in Argentinian Peso, EM FX

Posted at 02:20h in Bitcoin News by

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EM FX & Bitcoin Price Overview

  • With fresh weakness hitting emerging market currencies in recent weeks – now, the Argentian Peso after elections over the weekend – cryptocurrency markets have been supported.
  • Per the Emerging Markets Crisis Monitor, external debt-to-GDP ratios, implied FX volatility, and bond risk premia are some of the key factors that traders need to keep an eye on when looking for potential trade opportunities in EM FX.
  • The Argentinian Peso – with an external debt-to-GDP over 50%, a debt-to-GDP ratio over 100%, sharply elevated implied FX volatility, and now rocketing credit default odds – is experiencing dramatic, but unsurprising, weakness.

Looking for a guide on how to analyze Emerging Market Currencies (EM FX)? Read the Emerging Markets Crisis Monitor.

Emerging markets are in the news at the start of the week for all the wrong reasons. From the Turkish central bank running low on FX reserves, to the People’s Bank of China no longer defending the 7.0000…

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