FXStreet (Córdoba) - Win Thin, Global Head of Emerging Market Currency Strategy at Brown Brothers Harriman sees potential in the short-term for Emerging Market (EM) currencies to recover ground against the US dollar but the dominant trends still points for weakness. Key Quotes: “Like the March-May bounce, we view this current EM bounce as a correction in an extremely oversold market. Given the magnitude of EM FX weakness this year, most currencies have barely undergone any sort of significant correction. As such, we look for further short-term EM gains that should give way to an eventual resumption of the long-term bearish EM move.” “Over the medium-term, we still retain a defensive posture with regards to EM and would recommend investors remain selective. We expect further volatility and weakness ahead for most of EM FX, and so dedicated EM investors should look for relative value opportunities.” “Divergences within EM will continue to be seen. In general, we continue to favor Asia, with EMEA next and Latin America last.” For more information, read our latest forex news.