Emerging Market Currencies: Still a good investment

In 2022, the growth of emerging economies has shown resilience despite strong headwinds: i) The Russia-Ukraine war; ii) the Chinese slowdown due to Covid restrictions; iii) Core rates tightening to combat inflationary pressure. Yet, emerging market indices suffered heavy corrections on the back of USD strength supported by rising US yields combined with the striking outperformance of the US economy.


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