Emerging market currency 'contagion' spreads:
Benoit Anne, head of global emerging market strategy at Societe Generale, told CNBC the market's "panic mode" was directly linked to the Fed.
"We have huge psychological fear that is going to emerging markets, despite a global environment that hasn't changed that much," he said.
"My bias at this stage — although it's a bold one — is that this is all about the credibility of the Fed with respect to its forward guidance. This fear that the Fed is going to tighten quicker than expected is translating into emerging markets."
'via Blog this'
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