Bank of America Merrill Lynch analysts take a cautious view on currencies in emerging markets, and is particularly bearish on Asia FX after signs of China moving to a flexible exchange rate regime. Alberto Ades and colleagues at BAML in their August 13, 2015 research note titled: “Trouble in the East” anticipate further downward pressures on most Latin American currencies as commodity prices fall. Further flattening in emerging markets interest rate curves Ades and team note the U.S. July employment report was another stepping stone toward a September liftoff. The analysts point out that Treasury and Bund curves have flattened,…
BAML Warns Of Trouble In Emerging Markets Currencies
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports