Goldman Sachs expect emerging market currencies to appreciate in 2019

Goldman Sachs Asset Management expects an improvement in the economic conditions in the EM sector in the coming months, contributing to rising stock prices from emerging markets and currencies.

The currencies in the region remained under intense pressure this year after the US dollar strengthened its strong position for 2018, with the dollar index rising to 5% for the year.

But Goldman thinks we've seen enough of the dollar, and we're going to lose weight. They predict that next year many of the EM Group countries' currencies will begin their upward movement with renewed strength.

EM assets provide the opportunity for attractive returns. Goldman Sachs's forecast is that the group's shares start performing exceptionally well in comparison with the developing countries' markets.

Market participants are in constant concern about the possible economic slowdown and the policy of the Fed. The US Central Bank is expected to raise interest rates for the fourth time, albeit growing speculation and suspicions that the Fed is tempted to move the markets. and to nerve.

Source: CNBC

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