Monex Europe: China’s falling growth is biggest risk for EM currencies
But, following stimulus packages, the broker maintains bullish stance on renminbi
CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)
Growth uncertainty in China poses the biggest risk to emerging markets (EM) this year, despite promising developments in the US-China trade dispute, says Simon Harvey, an emerging markets currency analyst at Monex Europe.
“For the remainder of the year, we are looking at developments in China to dictate the prospects for EM currencies as a whole, as the Fed is widely expected to remain in its current neutral
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
More on Currency forecasts
Westpac: Johnson’s rhetoric over EU trade hits sterling
Cable has less upside than before the “go it alone” talk resumed after Brexit, firm says
Danske: yuan rebound when coronavirus under control
Other EM currencies such as ruble likely to gain ground against dollar
CMC: fiscal stimulus holds potential for pound upside
Amid uncertainty around Brexit clearing, upcoming UK budget may add support to UK currency
Scotiabank: improving eurozone data points to stronger euro
EUR expected to bolster on positive economic data, USD to soften as global risks dissipate
Swissquote: US-China trade war to ease in election year
Trump will enter November’s presidential election “bragging about a historic trade deal with China”
CIBC: steady as they go for G10 currencies in 2020
Don’t expect large FX moves this year, says Canadian bank
EM forecaster of 2019: City Index
CNY could hit 7.5 in H2 2020 as trade doubts linger and time runs out for Trump
G10 forecaster of 2019: Rabobank
Sterling’s future is still very dependent on Brexit-related developments, the bank says
