Emerging Markets: Medium term confidence in store – AmpGFX

Greg Gibbs, Director at Amplifying Global FX Capital, suggests that after a readjustment, it is possible to see emerging market and commodity currencies resuming a stronger trend. 

Key Quotes

“Their performance over the next six months may depend on how effective BoJ policy is in turning around the strong JPY trend this year, and the outlook for the US economy that may or may not be convincingly recovering from a weaker period over the last year.

If the market manages to push aside the political risks in the USA, it could draw confidence from recent trends towards political stability and recovery in several large emerging market economies.  A number of investment banks have presented more upbeat views in Russia, Brazil, China, India and Indonesia.”