StanChart sees some EM weakness next year

Concerns remain over the political situation in Brazil

emerging-markets6
The real could weaken against the dollar to 3.20 by 4Q 2018

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Major emerging markets currencies could see a period of slowdown in the substantial gains seen against the dollar so far in 2017, as positioning and the possibility of some modest dollar gains tamper the prospects of the real, the rupee and to some extent, the renminbi.

This time last year, strategists at Standard Chartered, the winner of last week’s 12-month currency forecast table, were more optimistic about the Brazilian real, the Chinese renminbi and the Indi

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