ABN Amro: investor sentiment remains EM currencies’ Achilles heel
While EMFX valuations are attractive, their good fortune is contingent on other markets
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Currently benefiting from the market’s reduced expectation that the US Federal Reserve will stop hiking interest rates and lower treasury yields, the fortunes of emerging market (EM) currencies remain dependent on volatile investor sentiment, says Georgette Boele, a senior FX strategist at ABN Amro.
While concerns about US economic growth may be favouring EM currencies, this is contingent on how investors see
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