Morgan Stanley presents The Fragile Five - the five most troubled currencies in emerging markets are the Brazilian real, the Indonesian rupiah, the South...

Joanne Ma
Livewire Markets
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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
2 topics

Joanne Ma
Writer
Livewire Markets
Expertise
No areas of expertise

Joanne Ma
Writer
Livewire Markets
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
This recently triggered market signal has never failed to predict gains
Ophir Asset Management