120 days ago • Posted by William Ramstein

EM currencies rally into 7th month with bright 2021 outlook

The MSCI International EM Currenc index which reflects the performance of 26 EM currencies relative to the US Dollar rose for the 7th consecutive month gaining 1.6%. EM currencies tend to rally when global growth and trade are improving. Strong commodity prices are typically one of the key factros supporting high beta currencies says JP Morgan Asset Management. The top currency gainers are the Chilean peso, South African Rand, and the Turkish Lira. Aregentine peso is down -3.3%: