That list may shrink in the coming weeks as the highly contagious delta variant forms a new fault line for developing nations. “Achievements in terms of vaccination will increasingly be a differentiation factor among emerging markets in the second half," said Sebastien Barbe, head of emerging-market strategy at Credit Agricole. In comparison, the Brazilian real and Mexican peso will be more resilient as their central banks tighten policy, he said. Most major emerging markets should get there by year-end, including Brazil, India, Indonesia, Mexico, Russia and Turkey, said David Hauner, head of cross-asset strategy at BofA. The sol slid the third-most among emerging markets during the second quarter as a tight presidential election sparked investor anxiety.

Source: Mint July 04, 2021 09:45 UTC