No relief for emerging currencies seen as investors ponder elections, potential US easing: Reuters poll
BENGALURU/JOHANNESBURG - REUTERS POLL-NO REBOUND SEEN FOR EMERGING MARKETS CURRENCIES AS INVESTORS PONDER ELECTIONS, SCOPE FOR US EASING
Limited by a strong dollar this year, nearly all emerging markets currencies were forecast to weaken, or at best trade in a range in the next three to six months, according to the May 31 - June 4 survey of over 50 foreign exchange strategists. "Most EM currencies have stabilized in the past month, but we think many will remain under pressure until U.S. yields drop," said Ruben Gargallo Abargues, assistant economist at Capital Economics.
The Indian rupee, Korean won and the South African rand are seen trading in a tight range in the next three to six months, while the Russian rouble and In South Africa, investors wait to find out which from the wide array of parties - from Marxists to proponents of free markets - the ANC may pick as potential coalition partners.Scan QR code to install app
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reuters wins two Pulitzers, ProPublica takes coveted public service awardReuters won two Pulitzer Prizes on Monday, taking home the breaking news photography award for searing images of the Israel-Gaza conflict as well as the national reporting award for a series of investigations into Elon Musk's manufacturing empire.
Read more »
India inflation likely slipped in April: Reuters pollIndia inflation likely slipped in April: Reuters poll
Read more »
China's April new yuan loans seen falling, policy support in place- Reuters pollChina's April new yuan loans seen falling, policy support in place- Reuters poll
Read more »
AP and Reuters Win 2024 Pulitzer Prizes for Powerful and Tragic PhotosThe Associated Press and Reuters have won the two photography awards in the 2024 Pulitzer Prizes for their powerful images.
Read more »
Coinbase-initiated Stand With Crypto advocacy group launches PAC targeting US elections: ReutersFunds raised will be used to support crypto-friendly bipartisan candidates running for the House of Representatives and the Senate.
Read more »
India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: ReutersAmitoj Singh is a CoinDesk reporter.
Read more »