Higher commodity prices and vaccines to buoy EMFX vs. U.S. yields
AmericasHigher commodity prices and vaccines to buoy EMFX vs. U.S. yields Vuyani Ndaba 4 minute read Emerging market currencies will find support from higher commodity prices and domestic vaccination rollouts this year, despite turbulence in U.S. Treasury yields that could diminish their appeal, a Reuters poll found. Just last week Treasury yields in the United States rose again as traders and investors inferred the Federal Reserve's tone in last month's policy meeting was a start to discussion on tapering the bond buying programme, sapping emerging market gains after good a run in April. Sti...
Source: reuters.com
