Subject: Re: FKA: foreign equities
https://www.ft.com/content/c96...

Interesting indeed. Not paywalled.
They are prescribing EM currencies to depreciate, EM central bankers to raise interest rates, and EM countries to cut down on commodity purchases. Getting far from the FKA aspect of this,... I wonder if it will push dedollarization of trade among EMs. Efforts largely unsuccessful so far.