Reported 4 months ago
A recent Reuters poll suggests that emerging market currencies are unlikely to recover this year due to factors such as ongoing US Federal Reserve interest rates and key national election results. Market analysts predict that most emerging market currencies will either weaken or trade within a range in the coming months, influenced by a strong US dollar and uncertainties surrounding US policy changes and election outcomes in countries like India, South Africa, and Mexico. While emerging markets assets reacted slightly to hints of a potential interest rate cut by the Fed in September, the overall outlook remains cautious with expectations of continued pressure on these currencies until US yields decrease.
Source: YAHOO