EM to diversify in 2009

- By FX Markets Staff
- @FXMarkets_
- 22 Dec 2008

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David Hauner, strategist for emerging markets (EM), Europe, the Middle East and Africa, at the bank in London, said the continued scarcity of financing will create greater divergence between emerging markets.

"Over the past couple of months, emerging markets just became one trade," Hauner told FX Week. "However, going forward there will be greater divergence in emerging markets. For those countries with current account surpluses, or just small deficits, there is room to strengthen, but those with

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