Emerging market FX pickup exposed to reversal after new virus surge: Report


Emerging market currencies will likely give back recent gains if a resurgence of the coronavirus pandemic continues in the second half of the year, driving foreign exchange flows to the safer US dollar, a Reuters poll of market strategists showed.

The real, the rouble and the rupee are on the spot as infections of Covid-19, the illness caused by the virus, pile up in Brazil, Russia and India, the nations with the highest case counts in the world after the United States. The outlook for these emerging economies keeps worsening due.....

This article is no longer available in our repository.

There could be multiple reasons for this.