The EM units to watch as US and China make peace – Swissquote

Currencies such as the Thai baht, which trades heavily with China, should benefit from easing tensions

Trade war victims
US versus China: an end to the trade spat is in the market’s view

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Emerging market (EM) currencies in the trade-related foreign exchange ecosystem around China are likely to rally significantly, on growing hopes for a US-China trade truce, says Peter Rosenstreich, head of market strategy at Swissquote Bank.

The Thai baht and the Indonesian rupiah could be among the biggest risers, while the Australian dollar might also benefit from the prospect of a positive outcome to the trade

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