by winston » Wed Oct 05, 2016 2:47 pm
Are Emerging Markets Ready for the U.S. Election and Fed?
October 4 -- Most emerging market currencies fell as data showing expansion in the U.S. manufacturing sector fueled wagers that the Federal Reserve will raise interest rates before year-end.
The won and Poland’s zloty paced declines, while Malaysia’s ringgit was the only one of 24 developing-nation currencies tracked by Bloomberg to advance, as an overnight rally in energy prices offset the prospect of a Fed rate increase as soon as next month.
Emerging market stocks advanced on speculation the benefit of stronger U.S. economic growth will be felt globally.
Source: Bloomberg
It's all about "how much you made when you were right" & "how little you lost when you were wrong"