Dovish Fed improves conditions for EMFX – Morgan Stanley

Weakening investment outlook for US suggests economic performance falling back in line with rest of world

Slow going: World Bank cut projections for global growth this year

CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)

US policymakers’ willingness to exercise more caution around the pace of future rate increases is sapping some of the momentum behind the greenback, possibly setting the stage for a rally in emerging markets (EM) foreign exchange, according to strategists at Morgan Stanley.

The 10-year Treasury, which hit 3% last year, is now down to 2.71%. Bond prices move in the opposite direction relative to their yield; higher

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: