Some of the year’s best-performing emerging-market currencies may lose favor as the rationale for rate hikes to tackle inflation shows early signs of waning.
The Brazilian real and the Russian ruble have already come under pressure this quarter, with traders speculating central banks may pull back on the pace of monetary-policy tightening. Both currencies were among the best performers through the first half of the year, but have since taken a hit, with the real sinking about 4.5% since the end of June, more than any other major currency tracked by Bloomberg.
"lose" - Google News
August 29, 2021 at 05:51PM
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Best Emerging-Currency Trades Lose Steam Amid New Rate Hikes - Bloomberg
"lose" - Google News
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