[1]Despite numerous interventions by Mexico, Russia, and Nigeria, the free-fall continues in their currencies. The Russian Ruble is the poster-child (down 40% since June alone - testing 58/USD today) but the crash in Mexico and Brazil is accelerating in the last week. Default risks are surging for all of the Oil-Producing nations with Russia topping 450bps (5Y CDS) .
Oil Producers currencies are collapsing...
[6]
More so Russia...
[7]
And default risks are becoming real...
[8]
Charts: Bloomberg
- advertisements -
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10672
[3] http://www.zerohedge.com/taxonomy_vtn/term/142
[4] http://www.zerohedge.com/taxonomy_vtn/term/7
[5] http://www.zerohedge.com/taxonomy_vtn/term/12141
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141212_oil3.jpg
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141212_oil4.jpg
[8] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141212_oil5.jpg
