We think that most EM currencies will fall back by year-end

Emerging Market (EM) currencies have generally appreciated against the US dollar since the start of this month, and indeed since last October. However, we think that nearly all “major” EM currencies will start to lose ground before the end of the year, reflecting both broad dollar strength and the start of an easing cycle across EM markets.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.