Hugh Hendry: “The Storm That Caused Chaos In Markets Will Not Dissipate Anytime Soon”

Saturday, July 27, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/27/2013

The storm that caused chaos across financial markets since May should not dissipate any time soon. As such, we retain a short bias towards China and an outright short in EM currencies. If world trade remains weak and local inflation keeps on gaining momentum, the currencies of several EM countries (ex-China) may remain under pressure. Such weakness may be exacerbated by tightening liquidity.

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