Eur/usd Downside Is a Drag on Em Fx

Eur/usd Downside Is a Drag on Em Fx


Quotes from Barclays Capital:
-Unless the macro environment improves in EM, we do not expect currencies to trend higher. A choppy global risk environment, together with the Barclays view for a continued fall inEUR/USD (1.21 in 3m and 1.17 in 12m), will make it hard for most EM currencies to do wellin their natural crosses (against the USD).


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