Real, Singapore Dollar May Gain on Inflation Battle, UBS Says
The Israeli shekel, Chile’s peso and Peruvian sol may also gain against other currencies, Bhanu Baweja, the London-based global head of emerging-market fixed income and foreign exchange strategy at UBS, said in a report.
Policy makers in these countries “would see currency appreciation as helping at least at the margin with imported commodity-price inflation,” Baweja said.
The Turkish lira, Indonesian rupiah and Indian rupee may depreciate, he said.
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