As if the rollback of rich-world monetary stimulus and a U.S.-China trade war weren’t enough, some key emerging markets are about to run the gauntlet of potentially game-changing elections.
Turkey goes to the polls June 24, with President Recep Tayyip Erdogan -- who’s pressed for lower interest rates -- battling for reelection. Mexico and Indonesia also contest in the next two weeks. Colombia has already passed its election hurdle, with market-favorite Ivan Duque’s victory this month helping make the peso the best-performing emerging currency so far in 2018.
