EM's on an uncertain footing - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted that the EM started the week on an uncertain footing.

    Key Quotes:

    "Commodity prices were off sharply until comments by Saudi Arabia lifted them, reversing the trend in commodity-sensitive assets. The dollar is also back on the rise, pressuring EM FX even as a December FED hike is now just about fully priced in.

    In South America, the victory of the market-friendly candidate in Argentina and better political winds in Brazil have also given the region some hope for the near term, which could help sentiment more broadly."
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