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Mayday, mayday: Analysts issuing warnings on emerging market currencies
They point out that MSCI Emerging Markets Currency Index has fallen in May in six of the past seven years
Published Fri, Apr 28, 2017 · 09:50 PM
Singapore
BLAME dividend payments, weddings in India, or simply plain profit-taking. Developing-nation currencies could be in for a rough month in May, if history is any guide.
The MSCI Emerging Markets Currency Index has fallen in May in six of the past seven years, a seasonal quirk that's prompted Citigroup Inc. and Credit Suisse Group AG to warn investors that the gauge's five-month winning streak may be coming to an end.
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