EM currencies mixed despite trade optimism; Pound rallies

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The mood across financial markets was mixed this week as investors tussled with Brexit drama, US-China trade developments and a partial government shutdown in the United States.

Although a majority of emerging market currencies were supported by optimism over trade talks, a stabilizing Dollar created headwinds for some. The performance across the EM currency arena was certainly mixed with the Turkish Lira, South African Rand and Russia Rouble on route to concluding the week on a positive note. However, the Argentina Peso, Indonesian Rupiah and Indian Rupee were unable to defend themselves… Read More

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