Analysts at Brown Brothers Harriman explained that while EM FX has gotten some
traction recently, we believe that the medium-term bear market remains
intact.
Key Quotes:
"The dollar’s appreciation
against the majors had stalled recently as Fed lift-off expectations were pushed
back by the markets, but the pendulum now seems to be swinging the other
way."
"We favor the currencies of Asia and, to a lesser extent, EMEA,
while Latin America should continue to underperform."
"Our next EM FX
model quarterly update for Q1 2016 will come out at the beginning of January."
