September 19, 2021
Markets

Bumpy autumnal ride ahead for emerging market currencies

  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ZAR= rand poll data
  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CNY= yuan poll data
  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=RUB= rouble poll data
  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=TRY= lira poll data
  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data

BENGALURU/JOHANNESBURG, Sept 3 (Reuters) – Volatility in high-risk, high-return emerging market currencies is set to persist amid fears of a “taper tantrum” once the U.S. Federal Reserve starts cutting its bond buying, according to analysts who say a sell-off is likely in the next three months.

A majority of FX strategists in the Aug. 30-Sept. 2 Reuters poll said recent dollar weakness would be temporary as the day the Fed eventually decides to taper its…

Read full article here: www.reuters.com