Aug
05
Emerging-Market Volatility Bets Rise as Trade War Rattles Yuan
By-
Negative correlation between dollar-yuan, EM peers deepens
- Philippines, Romania set to raise rates to rein in inflation
Emerging markets may be headed for a period of increased volatility as the midyear lull saps liquidity and the U.S.-China dispute leaves traders struggling to decipher the yuan’s likely direction.
Chinese, Taiwanese and Philippine trade data for July this week will give an indication of whether the trade tension is starting to weigh on regional exports. The standoff has already prompted BlackRock Inc., the world’s largest asset manager, to trim its holdings of developing-nation assets, saying that it may be one of many dynamics weighing on global growth. U.S. data on initial jobless claims, scheduled for release Thursday, are forecast to increase…
Emerging-Market Volatility Bets Rise as Trade War Rattles Yuan
