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Analysts turn bearish in emerging-market currency forecasts

Posted on 27 June 2013

So much for the gains analysts were counting on for emerging-market currencies this year. As this month’s market rout pushed currencies like the Turkish lira, Indian rupee, and Brazilian real to multi-year or all-time lows against the dollar, analysts have been downgrading their forecasts for many of these currencies.
The shift is a stark one: Many emerging-market currencies have already weakened past their mid-year forecasts from various banks. And now, some analysts expect significantly more losses by the end of the year………………………………………..Full Article: Source


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