Flash: Emerging Market FX has stabilised since Nov - DBS Group

FXstreet.com (Barcelona) - DBS Group Strategists note that emerging markets have become more stable since November.

Key Quotes

“Thanks to stronger balance of payments (Narrower current account deficits and higher foreign reserves) in many countries amidst a better global recovery outlook, they should be more resilient to the Fed taper when it comes.”

“The Fed taper could well end up as a “buy the rumour, sell the fact” event. Look how high the Euro appreciated to after the ECB’s surprise rate cut.”