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JPMorgan Flags Geopolitics as Reason to Sell Emerging Markets Apr 14 2021, 5:11 AM April 13 2021, 10:56 PM April 14 2021, 5:11 AM (Bloomberg) The outlook for emerging market currencies is looking bleaker for JPMorgan Chase & Co. (Bloomberg) The outlook for emerging market currencies is looking bleaker for JPMorgan Chase & Co. Strategists Jonny Goulden and Saad Siddiqui recommended cutting emerging market currencies to underweight. The bank cited tensions in Russia as part of the reason behind the move. Domestic policy in Turkey and Brazil, and slowing growth and portfolio flows in China were also among challenges noted by the bank. Those issues are compounded by the U.S. dollar’s rebound this year, spurring losses for 22 of the 24 emerging currencies tracked by Bloomberg. Rising Treasury yields have also dragged developing nations’ borrowing costs higher and inflicted pain on their local debt, where year-to-date losses stand at 24% for Nigeria, 16% for Turkey and

United statesSouth africaSouth africanJonny gouldenSaad siddiquiTreasury departmentJpmorgan chase coFederal reserveRising treasuryCalifornia public employee retirement systemFinance ministryஒன்றுபட்டது மாநிலங்களில்ஜானி குடந்ஸாட் ஸிடீக்விகருவூலம் துறைஜுப்ம்ொர்கண் துரத்து இணை