Forex Market News

Asia’s Top Currency Forecaster Sees Not So Good Times Ahead For Rupee

Beware the rally in emerging-market currencies: the best quarterly performance in almost seven years is about to reverse.

That’s the message from the most-accurate forecaster of developing-nation Asian currencies last quarter: Wells Fargo & Co.

“We don’t see continued appreciation through the rest of the year,” said Nicholas Bennenbroek, head of currency strategy at the U.S. bank in New York. “Federal Reserve interest-rate increases should continue at a steady pace, ..

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