Monex Europe: China’s falling growth is biggest risk for EM currencies

But, following stimulus packages, the broker maintains bullish stance on renminbi

li-keqiang-china-premier
At China’s annual parliamentary session in March, Premier Li Keqiang announced a growth target of 6–6.5% for 2019

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Growth uncertainty in China poses the biggest risk to emerging markets (EM) this year, despite promising developments in the US-China trade dispute, says Simon Harvey, an emerging markets currency analyst at Monex Europe.

“For the remainder of the year, we are looking at developments in China to dictate the prospects for EM currencies as a whole, as the Fed is widely expected to remain in its current neutral

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