A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey. Picture: REUTERS/MURAD SEZER
Taken in the past week, the survey showed a mixed outlook for emerging market currencies, as Brazil’s real is expected to firm up more than 4% to 3.7/$ while SA’s rand remains relatively steady at 14.30/$ in six months. A similar survey in September expected many emerging market currencies to bounce back at least partially against the dollar this year as weakening growth momentum took the shine off the greenback.
For the trade to work liquidity needs to be plentiful, the global economic backdrop benign and, importantly, currency volatility next to nothing. A separate Reuters poll at the end of March suggested the Fed is done raising interest rates until at least the end of next year, according to economists in a Reuters poll who gave a 40% chance of at least one rate cut by end-2020.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »
MARKET WRAP: JSE weakens amid US-China trade talksGlobal markets are mixed while locally retailers fare worst
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand leads emerging-market peers after bump by Moody’s bumpThe reduced threat of SA falling off global bond indices is boosting the rand and local bonds
Source: BDliveSA - 🏆 12. / 63 Read more »