Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll
© Reuters. A bank employee gathers Thai baht notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo
That dollar weakening trend was likely to hold in the near-term as a majority of analysts in the Nov. 3-7 Reuters poll expected the dollar to trade lower by year-end. "So it's difficult to see the EM currencies recoup some of the sharp losses that we've seen in the last few months. That said, we do expect some gains, it's just going to be a bit more of a gradual path."
Although EM currencies gained at the beginning of 2023 and investors brimmed with positivity after China's post-COVID reopening, economic performance in the world's second largest economy has been mostly underwhelming.was forecast to only recoup slightly more than half of its 2023 losses. It has fallen over 5% this year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Great Trouble': Pramila Jayapal Issues Dire Warning To Biden On 2024 ElectionBen Blanchet is a reporter based in New York City. His work has been featured in the New York Post, Insider and The Buffalo News' Sun newspapers. He was born and educated in Upstate New York.
Read more »
Confirmed: Geneva motor show to return in 2024Europe’s biggest motoring event, back after five-year absence, “will not be a mobility show”
Read more »
What Virginia's legislative elections could spell for 2024 on abortion rightsVirginia voters are deciding whether to keep divided government at the state level. At stake is the chance to dramatically reshape abortion policy.
Read more »
Introducing 'Real Voices, Real Choices': The 2024 election unfolding on Main StreetABC News and 538 take you to the heart of democracy, right on Main Street.
Read more »
Exclusive: Russia's Putin to stay in power past 2024, sources sayVladimir Putin has decided to run in the March presidential election, a move that will keep him in power until least 2030, as the Kremlin chief feels he must steer Russia through the most perilous period in decades, six sources told Reuters.
Read more »
Democrat strategist David Axelrod suggests Biden drop out of 2024 raceDavid Axelrod pointed to Sunday polling from the New York Times and Siena College that shows the president trailing behind former President Donald Trump in the five key battleground states of Arizo…
Read more »