Morgan Stanley shifts to a bearish stance on emerging market currencies

  • Morgan Stanley worries that China will drag down emerging market growth
USDMXN daily
USDMXN daily

Morgan Stanley is warning of declines in emerging markets.

"We expect more CNH (yuan) weakness, and China macro risks add to existing pressure from weak global growth and EM central bank easing cycles.. We maintain a neutral stance on EM rates and credit."

The Mexican peso is a laggard today in the emerging market FX world, falling 1% as the US dollar jumps.

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access