According to the Goldman Sachs Group, Morgan Stanley and UBS, the rally over the past three months in emerging market currencies from Brazil’s real to Turkey’s lira will be hard to sustain as growing US self-sufficiency in energy, food, machinery, chemicals and industrial goods undermines demand for foreign shipments. Moreover, Bloomberg surveys predict all but three of 23 major emerging market currencies will retreat by year-end.
See a reprint of the Bloomberg article posted on the Times of Oman website as ‘Made-in-America’ revival to trouble emerging markets.
Similar Posts:
- Lowe’s Companies Said to be Looking for Acquisitions in Brazil (Bloomberg)
- Russia’s Exclusion Potentially Paves Way For India Into Global Bond Index (Bloomberg)
- Stocks with 10% or More Sales Exposure to Brazil (Goldman Sachs)
- Emerging Market Exchange Rates: Cheap or Value Traps? (Capital Group)
- Emerging Market Acronyms Like “Fragile Five” are Misleading and Unhelpful (SCMP)
- Morgan Stanley: Emerging Market Pillars Seem to be Crumbling
- Ruchir Sharma’s Guiding Principles for Emerging Market Investing (Bloomberg)
- Flash Note: Emerging Market Currencies (Pictet Wealth Management)
- “Fragile Five” Emerging Markets No Longer That “Fragile” (AP)
- Why Investing in Emerging Market Infrastructure Makes Sense (Wealth Daily)
- UBS’s Raphael: A Hard Time For Emerging Markets Investing (Bloomberg)
- JP Morgan’s Gartside: Currencies Now Bear the Blunt of Political Risk
- Ten Tips for Understanding Emerging Markets Right Now (BloombergView)
- Emerging Market Closed-End Funds List
- Chinese Stocks Could Plunge by 20% if Real Estate Troubles Get Much Worse, Morgan Stanley Says (CNBC)