Business Maverick: Emerging markets will have to weather another dollar hurrah

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 84%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

A cohort of Wall Street’s emerging-market bulls is growing wary of calling a new dawn for riskier assets, opting for a more cautious approach to developing-nation currencies.

predict the dollar will soon fall into a multi-year weakening trend. Such a shift stands to support emerging markets – and indeed propelled gains of nearly 9% in developing currencies from late October to early February.Money managers from abrdn Plc to Fidelity Investment are wary of being caught on the wrong side of the latest dollar rally, especially after the MSCI Inc. gauge of developing currencies wiped out almost all of its year-to-date gains.

Even before Friday’s dollar surge, abrdn had taken a neutral stance on the asset class, looking for valuations to fall and reflect a recession. Investors at Fidelity International are now buying the dollar against the Philippine peso and Polish zloty. “The LatAm block appears to be much further ahead on the inflation and policy tightening cycle compared to other emerging markets,” said Paul Greer, a London-based money manager at Fidelity. “This has resulted in the region offering very high ex-ante real yields, which is supportive of foreign portfolio inflows entering local bond and FX markets.”

China’s PMI surveys will give a read on how the recovery is progressing in February, with Bloomberg Economics anticipating good news.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Police, Hawks and SARS pledge to share information, skills as SA is greylisted | BusinessThe Hawks, the SA Police Service and the SA Revenue Service have signed a memorandum of understanding to promote the exchange of information, joint initiatives and more effective operational arrangements. | News24_Business _Business Could someone explain why this is only happening NOW?! _Business Why are they taking long to investigate PhalaPhalaFarmGateCriminal who was robbed of laundered $4m? Where are SAReserveBank sarstax NPA_Prosecutes PublicProtector SAPoliceService reports on this crime? Why are loudmouth HelenSuzmanFdn KathradaFound OUTASA quite on this _Business Was that even necessary? I thought that’s sine qua non their existence.
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »