Beware the Rally in Emerging-Market Currencies
- Fed rate increases to weigh on global currencies: Wells Fargo
- Indian rupee, Philippine peso to be most resilient in region
This article is for subscribers only.
Beware the rally in emerging-market currencies: the best quarterly performance in almost seven years is about to reverse.
That’s the message from the most-accurate forecaster of developing-nation Asian currencies last quarter: Wells Fargo & Co.