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The Brazilian real and Russian rouble are still the most attractive EM currencies

Scorecard shows resilience of EM currencies in recent months.Our Emerging Market (EM) FX scorecard, designed to assess the attractiveness of a given currency over the coming 12 months, 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. EM currencies have been resilient thus far in 2018, despite higher risk aversion and higher US funding costs. However, taking into account the decline in carry,...

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