Flash: Indonesian Rupiah body blows – Societe Generale

FXstreet.com (Barcelona) - Kit Jukes, Global Head of Currency Strategy at Societe Generale notes EM selling pressure is abating developed markets.

Key Quotes:

“Head of “Although the Indonesian Rupiah took another body-blow overnight, EM selling pressure overall is abating and spillover to developed markets has been remarkably limited - so far”.

“With the sell-off in Treasuries abating for now, maybe we are entering temporarily calmer waters. UK CBI Trends and PSBR, S Africa CPI and then FOMC Minutes this evening are today's thrills (unless you're off to the Oval for the last Test of the summer)”.