Morgan Stanley says it's time to go 'all-in' on emerging market currencies

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It comes with little over a week before the U.S. vote, with some investors increasingly pricing in the prospect of a Democratic president.

President Donald Trump is seen trailing former Vice President Joe Biden in nationwide polling trackers, including in swing states, as both candidates prepare for the final week of campaigning before the Nov. 3 vote.

A men waits for a transmilenio bus using a Colombian soceer team t-shirt during the sectorized lockdowns, on August 21, 2020, in Bogota, Colombia.LONDON — It is time for investors to position for a year-end rally in emerging market currencies and sovereign credit,analysts have said, citing less time for surprises ahead of the U.S. presidential election and supportive seasonal factors.

"The market appears to be underpricing the possibility of a Blue sweep," analysts at Morgan Stanley said in a research note on Friday, referring to the possibility that the Democratic Party wins the White House, the Senate, and the House of Representatives. The Wall Street bank said it liked Brazil's real, Mexico's peso and Colombia's peso, and had entered long positions in South Africa's rand and Russia's rouble.

"Should this occur, we could see some rotation in investor positioning away from areas of the global economy that have already recovered to other EMs," they added.

 

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gossipeconomist Esperenme mañana me voy full

Yeah so it is totally the opposite. They are all crashing. Make yourself a favor, buy Bitcoin and forget about this crap

Lol lol. A Big red índice to 3 november. Friday was the last oportunity for stimuli. Game over pelosi

remindmetweets let's see how this plays out 🤭

robertojirusta Argentina welcomes you all. This time would ve a different kind of ride. 🤗

🤣🤣🤣🤣🤣🤣🤣

That´s Bogotá, Colombia. 🤔

Don't think so

Whaaaaaat?

boom_cm

hahahahahahahahaha

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