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The bull market in emerging market currencies can extend
一場不太明顯的牛市:換個角度看新興市場貨幣

Dollar strength has masked outperformance against other developed economies’ currencies
特里維迪:美元走強遮蓋了新興市場貨幣相對於其他發達市場貨幣的強勢,而且即使新興市場開始降息,這輪強勢也有望延續。

The writer is head of global foreign exchange, interest rates and emerging markets strategy research at Goldman SachsIt might seem counter-intuitive that there has been a bull market in emerging market currencies against the backdrop of one of the most aggressive rate increase cycles by major central banks. But that is what we have seen and this bull market is likely to extend.

本文作者是高盛(Goldman Sachs)全球外匯、利率和新興市場策略研究主管

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