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Euro (EUR) to Rally in 2024 on Weak Dollar (USD), Repatriation, RBC Says

Euro (EUR) to Rally in 2024 on Weak Dollar (USD), Repatriation, RBC Says
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Euro to Rally 10% in 2024 on Weak Dollar, Repatriation, RBC Says

Euro to Rally 10% in 2024 on Weak Dollar, Repatriation, RBC Says
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Emerging market currency rally extends into 7th month, with 2021 outlook bright

Blog Blog Blog Video 8 Jan, 2021 Author Emmanuel Louis Bacani Emerging market currencies sustained their risk-on rally in December 2020, capping off a turbulent year with strong momentum that is expected to continue in 2021 as the global economy recovers from the coronavirus crisis. The MSCI International Emerging Market Currency Index, which reflects the performance of 26 emerging-market currencies relative to the U.S. dollar, rose for the seventh straight month in December, gaining 1.6%, the second-largest increase on the year. [Emerging-market] currencies tend to rally when global growth and trade are improving and when investor sentiment is constructive, Georgette Boele, currency and precious metals strategist at ABN AMRO Group Economics, wrote in a Dec. 16 note. We expect such an environment in 2021.

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