Quotes from the news wire:
A couple of things are changing. If you look at most of G10s there is a rise in real yields and it effectively indicates the period of abnormally low interest rates is coming to an end. That's leading to reappraisal of what's good value in G10 as well as emerging markets, second is oil prices - OPEC are talking of further supply cuts which shows they are finding it hard to balance markets. Falling oil prices are net-net positive for G10 and net-net negative for EM.
Found on Reuters 7 years ago
We started the year assuming we would see four rate hikes in the United States but now people think we will see two and the risk is of less than two which is a benign development for emerging markets, the risk of excessive increases in financing risks is no longer there.
Found on Reuters 8 years ago
If the Fed came out rather dovish, delayed any potential rate hikes, etc, that would lead to something of a rally. So I think it's just short-covering ahead of the Fed.
Found on Reuters 8 years ago
What you are seeing is concern about a more aggravated Chinese slowdown, which will impact EM manufactured goods exporters and commodity exporters alike, the yuan move was expected, but it's come sooner than people expected.
Found on Reuters 8 years ago
It could be that they are realising interventions are futile - there is no point throwing good money after bad - and letting the currency weaken a little bit.
Found on Reuters 8 years ago
Some of the consensus positions in recent weeks have been the euro as a funding currency of choice but yesterday's move indicated that the ECB may be coming to an end of the line with easing measures and that this is not a one-sided trade by any means, that illustrates that euro-funded EM carry trades won't function well.
Found on Reuters 8 years ago
We've just hit stops this morning, there's nothing more than that, we thought we were going to see a good recovery in Q2 after the poor Q1, and those numbers yesterday have just taken the shine off the dollar for the moment. I still think it's a correction that should allow people to get back into short euro trades, but we may have a week or two to run yet.
Found on Reuters 9 years ago
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