EM currencies to appreciate against dollar, says Wells Fargo

Emerging markets units could firm up as greenback experiences trend weakness

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Under pressure: dollar strength could take a hit as monetary policies converge

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Emerging markets currencies could strengthen against the dollar over time, as longer-term trend weakness may be on the horizon for the greenback, says Eric Viloria, a senior strategist at Wells Fargo.

Viloria believes the dollar has probably entered a multi-year depreciating trend, as the market begins to transition away from the monetary policy divergence theme towards convergence between the US and major central banks. As a result, he expects most foreign curre

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