Chaigneau: EM FX Benefiting From Strong Risk Appetite
Emerging-market shares halted a five-day gain as a slide in oil prices sapped demand for higher-yielding assets. A gauge of developing-nation shares dropped from the highest level in a year, led by losses in Taiwan and the Philippines. Malaysia’s ringgit fell the most among emerging-nation currencies as the country derives 20 percent of its revenue from energy-related sources. The Korean won weakened after the central bank governor said there was still room to adjust policy while keeping interest rates on hold. Societe Generale Head of Fixed Income and Foreign Exchange Strategy Vincent Chaigneau discusses with Bloomberg's Manus Cranny on "Countdown."