Morgan Stanley presents The Fragile Five - the five most troubled currencies in emerging markets are the Brazilian real, the Indonesian rupiah, the South...
Morgan Stanley presents The Fragile Five - the five most troubled currencies in emerging markets are the Brazilian real, the Indonesian rupiah, the South African rand, the Indian rupee, and the Turkish lira. High inflation, weakening growth, large external deficits, and in some cases exposure to the China slowdown, and high dependence on fixed income inflows leave these currencies vulnerable, wrote Morgan Stanley analysts in an August research note. This compares with 10 years ago when Goldman Sachs had declared Brazil, Russia, India and China (BRIC) as the emerging markets with the brightest economic growth prospects. (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
No areas of expertise
Please sign in to comment on this wire.