Volatility in emerging market currencies will not let up in the next six months as U.S. presidential election jitters mount and domestic economic growth tapers off, a Reuters poll of market strategists showed.
Most emerging market currencies were forecast to weaken or at best cling to a range over the next three to six months but will rise about 2% on average in a year, supported by a weaker dollar, the Sept. 28-Oct. 5 poll found.
Reuters surveys since the global shutdown in activity in March have been consistently concluding emerging market currencies will not recoup even half their coronavirus-induced 2020 losses within a year.
CHEAP DOLLAR WON’T REVIVE NYC REAL ESTATE MARKET ANYTIME SOON
Still, a steep dollar selloff, which just posted its worst quarter in three years as expectations for a swift recovery from the