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EMs: the bottom line - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Brown Brothers Harriman explained that this EM rally could run for a while longer, but we still believe that some EM turbulence will return later this year.

    Key Quotes:

    "Look at how poorly EM and risk traded in the run-up to the March FOMC meeting.

    With this in mind, we identify some possible retracement objectives from the EM sell-off that started last autumn.

    Many currencies have already recouped their losses from December and so in many cases, we will be looking at a broader move that started in October/November."
    For more information, read our latest forex news.
     

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