CHART: The One-Year Move Of Every Major Emerging-Market Currency

The global market sell-off continues. And the emerging market continues to take the worst of it. For some context, Oppenheimer's John Stoltzfus offers this chart of emerging market currency moves relative to the U.S. dollar from a year ago. When it comes to currency, stability is key. But these horrific devaluations in such a short period of time is a nightmare for countries that have lots of overseas debts and imports to finance. Unfortunately, as the Federal Reserve makes steps to normalize mo...