In an interview with the Financial Times, Christine Lagarde, the IMF's managing director, warned that the trade conflict between the United States and China could deliver a "shock" to emerging markets.
Although Lagarde noted that her staff does not yet see a rick of a contagion spreading beyond countries like Argentina and Turkey, which investors are already staying away from, she further argued that the situation could change rapidly amid the uncertainty and the "lack of confidence produced by threats against trade."
Commenting on the economic crisis in Argentina, Lagarde explained that they were looking for their monetary policy to have “clarity, transparency, proper and due information to market operators, and improved communication."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.