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Investors still see emerging-market forex rebound on the horizon

Posted on 09 November 2012

Investors who had expected the re-election of U.S. President Barack Obama to spur emerging-market currency gains are likely wondering when the awaited rally will appear. Emerging-market currencies have slumped in the past two days since voters gave Mr. Obama another four years, despite expectations that the Federal Reserve’s ultra-loose monetary policy will continue under his administration.
Such policies have been associated with a weaker dollar and inflows into emerging markets. The Mexican peso, often seen as a bellwether for investor sentiment toward higher-yielding assets, has declined about 1% against the dollar since early Wednesday. The South African rand also has lost nearly 1% versus the U.S. currency………………………………………..Full Article: Source

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