Emerging-Market Traders Caught in Tug of War See Swings Abating
- Implied volatility for currencies fall for a third week
- Hungary, South Africa, Russia will probably cut rates again
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Low volumes. Low volatility. Low conviction. Welcome to emerging markets, mid-year 2020.
Not that it’s very different for risk assets in general, but there’s a general acceptance that as long as investors weigh the two opposing forces of global stimulus efforts and rising coronavirus infections, the path toward recovery across the world’s developing economies will remain tentative at best.