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Emerging-market currency scorecard

Summary:
Trade tensions are likely to hold the key to the longer-term outlook for EM currencies.Our EM FX scorecard ranks 10 EM currencies according to key criteria such as growth and vulnerability to external shocks. There have been few changes over the past month. The scorecard shows the Brazilian real as the most attractive EM currency over the coming 12 months.EM currencies have generally been weak recently for a combination of reasons. This has led to the relative outperformance of ‘defensive’ EM currencies such as the Korean won and the Chinese renminbi.Some negative factors weighing on EM currencies are seen as temporary. However, trade tensions likely hold the key to their prospects.Read full report here

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Trade tensions are likely to hold the key to the longer-term outlook for EM currencies.

Emerging-market currency scorecard

Our EM FX scorecard ranks 10 EM currencies according to key criteria such as growth and vulnerability to external shocks. There have been few changes over the past month. The scorecard shows the Brazilian real as the most attractive EM currency over the coming 12 months.

EM currencies have generally been weak recently for a combination of reasons. This has led to the relative outperformance of ‘defensive’ EM currencies such as the Korean won and the Chinese renminbi.

Some negative factors weighing on EM currencies are seen as temporary. However, trade tensions likely hold the key to their prospects.

About Luc Luyet
Luc Luyet
Luc Luyet has been working in the financial services industry for the last 12 years. For 8 years, he has been responsible for Technical Analysis for all asset classes and he was a member of a long only fund management team in one of the largest Private Banks in Switzerland and Europe. Do not hesitate to contact Pictet for an investment proposal. Please contact Zurich Office, the Geneva Office or one of 26 other offices world-wide.

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