Flash: EM FX weakening trend should return - TDS

FXStreet (Bali) - According to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities, the established downtrend in the most vulnerable EM FX currencies should persist.

Key Quotes

"Easing EM contagion worries supported an across-the-board EM FX recovery and lower CDS spreads last week. However, with QE tapering firmly in place, we think that the positive sentiment is unsustainable and will keep the EM FX weakening trend in place."