Emerging market assets rise, boosted by "US sell-off" trade
2025-04-21 18:01:25
Developing country currencies and stocks rallied at the start of the week, driven by a sustained withdrawal from U.S. assets, prompting investors to turn to undervalued emerging market assets. As of 00:00 Beijing time (12:00 EST) on Tuesday, the MSCI developing country currency index rose 0.2 percent to its highest intraday level since early October 2024. The Polish zloty, Romanian leu and Thai baht gained the most among a basket of currencies tracked by Bloomberg. Fears of an economic slowdown in the world's largest economy - and more recently concerns that U.S. President Donald Trump may fire Federal Reserve Chairperson Jerome Powell - are fueling a so-called "sell America" trade that has sent U.S. stocks and the dollar tumbling. At one point, the dollar fell to its lowest level since late 2023. " It's a rotation from the US to Europe, which is also benefiting some emerging markets, "said Brad Bechtel, head of foreign exchange at Jefferies.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
新兴市场资产上涨，受“抛售美国”交易提振Next article：
Hyperlane基金会：空投将于4月22日20时开放申领
