Economics
Mobius Sees 'Sustained' Emerging-Market Rebound
- Trump’s spending plans to push U.S. dollar lower, Mobius says
- Investors should allocate funds in BRIC nations, Mobius says
Emerging Market Currencies: More Upside Ahead?
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The rebound in emerging markets is expected to be “sustained” as a strengthening U.S. economy under President-elect Donald Trump may help boost these economies, according to Mark Mobius, executive chairman at Templeton Emerging Markets Group.
The MSCI Emerging Markets Index has risen 2.6 percent from its four-month low on Nov. 14, while some currencies in developing countries -- including the South African rand and South Korean won -- have rebounded in the past week. All 24 emerging-market currencies dropped against the greenback in the two weeks following the Nov. 8 U.S. elections.