Differentiate between emerging markets, urges Rabobank
The Dutch bank is “cautiously optimistic” about the Russian ruble, but keeps its long-held bearish view on the renminbi
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Risky assets such as the relatively high-yielding emerging markets (EM) universe of currencies has benefited from low volatility and synchronised global growth, but renewed concerns about China, a significant escalation in geopolitical tension due to North Korea and faster than expected policy tightening in the US could reverse these flows.
While these risks seem distant clouds on the horizon, certainly on the rate hike front, President Donald Trump’s nomination
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