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A Continuum Economics outlook says emerging-market currencies have weakened against the dollar this year but not more than developed-market currencies, with divergence driven by domestic politics and fundamentals. It flags risks for the South African rand from coalition politics, a weaker yuan as acceptable to Chinese authorities, and a Mexican peso sensitivity to a possible Trump election.
Fed easing expectations have been reduced.
Currency moves in major feed-importing and exporting EM economies affect local buying power and export competitiveness, but this outlook describes no immediate single shock.
continuumeconomics.comMike GallagherMay 3, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
