Snap Shot

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."