Emerging market currency gains will probably be dominated by high-yielding curre...
JOHANNESBURG - Emerging market currency gains will probably be dominated by high-yielding currencies rather than low-risk bets next year as economic growth finally recovers in response to lower interest rates, a Reuters poll found on Thursday.
ING Financial Markets wrote that while it sees a modest slowdown in Chinese growth, it expects recoveries in the likes of Brazil, Russia, Mexico, India and several other Asian countries, meaning the growth outlook favors emerging versus developed market currencies.is expected to be one of the notable gainers in emerging markets against the dollar, firming to 3.97/$.
“After all, some of these large emerging market monetary easing cycles and big currency declines should be providing some support,” the ING note added. However, the Reuters poll suggests the lira - which was considered very cheap earlier this year - will be tested next year, to the tune of about 10% losses to 6.34 per dollar.
In Latin America, an outburst of protests is adding pressure on the central banks of the region’s two main economies, Brazil and Mexico, to keep easing in order to accelerate tepid growth and avoid an ugly social outcome as in Chile, Ecuador and, to a lesser degree, Colombia. Both currencies are entering the new year on the defensive, on worries about the effectiveness of reforms and outstanding trade issues with the United States.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Proenza Schouler Pre-Fall 2020 Fashion ShowThe complete Proenza Schouler Pre-Fall 2020 fashion show now on Vogue Runway.
Leer más »
Kamala Harris ends 2020 presidential campaignSen. Kamala Harris has told her staff she's dropping out of the 2020 presidential race and plans a public announcement today
Leer más »
2020 Political Ad Spending to Hit Record $9.8 Billion-Plus: StudyAd giant GroupM says TV ad spending is 'soft,' but streaming services will 'account for multiple billions of dollars' once they hit scale. U.S. ad growth, excluding political spending, to slow in 2020 amid economic trends despite Summer Olympics.
Leer más »
Mike Bloomberg becomes $57 million ad buying machine after first week of his 2020 campaignBillionaire and former New York mayor Mike Bloomberg has spent over $57 million on TV ads while pumping $5 million into social media platforms. He should surpass fellow billionaire Tom Steyer's total campaign spending in the coming weeks.
Leer más »