Just read Macro man.
The kind of moves in the Brazilian real and Mexican peso that Macro man describes are not exactly normal.
But nothing much has been normal recently.
One last note: The demands on my time have increased recently, as the number of people looking for insights into what is going on has increased even as I struggle myself to try to understand all that is happening. I haven’t been able to respond to some calls and emails quite as promptly as I would like. My apologies.