EM FX remains under pressure – Danske Bank

FXStreet (Edinburgh) - Chief Analyst Kasper Kirkegaard at Danske Bank reviewed the difficult scenario for the EM FX.

Key Quotes

“We expect the near-term pressure on emerging market (EM) currencies to continue, particularly commodity-linked currencies like the BRL, COP and MXN”.

“In this regard, recent efforts by the Chinese authorities to stabilise the CNY will not provide much help”.

“Eventually, there will be significant value in EM assets and currencies but this is early days”.