2024-02-03 09:12:00 ET
Summary
- Emerging market assets were resilient in 2023, gaining ground despite conflict in the Middle East, concerns over slowing economic growth in China, and the US dollar’s strength against other regional currencies.
- Lower US interest rates have often strengthened EM regional currencies against the US dollar.
- We don’t know if history will repeat itself, but with rates at or near their peak, this might be an opportune time to give EM assets a closer look.
Emerging Market Assets Have Performed Well Following Rate Peaks
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For further details see:
Could Falling U.S. Rates Elevate Emerging Market Returns?