Mars Finance News, the MSCI Emerging Markets Currency Index reached a one-week high on Friday. Alex Wolf, Head of Asian Investment Strategy at JPMorgan Private Bank, said: "Against the backdrop of trade slowdown, the comprehensive weakening of the US dollar has made the monetary policy prospects of central banks in emerging markets clearer. As global investors become disappointed with the 'US exceptionalism' theory, capital outflows have driven the dollar's weakness, which has boosted emerging market currencies (with a few exceptions) and provided more room for central banks to formulate policies."
JPMorgan: A weaker dollar gives emerging market central banks more room to maneuver
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