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More trouble ahead for erratic emerging market currencies - Reuters poll
Emerging market currencies are headed for more trouble next year as mounting expectations the Federal Reserve will raise interest rates to quell inflation are set to keep the mighty U.S. dollar in the driving seat, a Reuters poll showed. Most emerging market currencies were forecast to weaken or at best cling to a range over the year as currency strategists in the Oct. 29-Nov. 2 Reuters poll feared high commodity prices would further pressurise economies already struggling with elevated inflation.Higher U.S. Treasury yields are becoming a stronger headwind for EM currencies, as investors bet elevated U.S. inflation ... (full story)