FXStreet (Guatemala) - Analysts at TD Securities explained that the emerging markets are unambiguously experiencing a return of interest from global investors. "With expectations that the Fed will not hike until 2016, and the China concerns somewhat easing from the hard-landing scenario that markets seemed to imply until recently, there is scope for flows to tactically return to EMs in the short term. Since the last FOMC, investors have overwhelmingly been dollar sellers, but only since recently have we seen some of these flows put back at work into EMs again. So we continue to see a good case for an extension of the positive momentum. However, we remain wary of the fact that EM fundamentals are not healed yet, and political risks lining up may reverse this momentum at any time. For these reasons, we prefer to look into RV opportunities rather than betting on directional trades against the dollar or the euro." For more information, read our latest forex news.