Tag Archives: Turkish lira (TRY)

Emerging markets send two big warnings to investors

With the eyes on the US presidential election and the second wave of Covid-19, investors around the world can be forgiven if they have missed two important warnings from emerging markets.

However, with the election (almost) out of the way, it may be time to go through the rest of the news flow and think properly about the two events that may have been overlooked: the postponing of the world’s biggest stock listing (China’s Ant Group), and the firing of the governor of the Turkish central bank.

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Turkey is just the canary in the coalmine

The headline may be a bad pun, but the warning is serious. Many people believe that the trouble with Turkey’s currency is confined to that country, but that is far from the case. Turkey is just the first country that implemented populist policies when the going was good to now pay for these policies. The markets are about to teach populists a lesson, and Turkey is the first instalment.

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Investors’ favourite emerging markets currencies

Investors’ favourite currencies in emerging markets are the Indian rupee (INR), the Mexican peso (MXN) and the Russian ruble (RUB), a recent survey showed.

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Emerging markets currencies outlook for 2015

For emerging markets currencies, 2015 is shaping up to be a challenging year.

Yes, the falling price of oil is helping some countries that were until recently vulnerable. But for many others, the end of the Federal Reserve’s easy money will spell the beginning of a much more volatile period.

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