Turkey’s lira is the most undervalued currency in emerging markets and will strengthen after the “temporary shock” of U.S. stimulus tapering is over, according to Societe Generale SA.
The yuan may weaken following China’s decision to widen the currency’s trading band for the first time since 2007, according to Benoit Anne, the London- based head of emerging markets strategy at Societe Generale SA.
Benoit Anne, head of emerging markets strategy at Societe Generale SA in London, comments on the impact of the European Central Bank’s debt-buying plan on risky assets globally.
"The decision by the central bank should be a game changer and might turn the situation around."
- Benoit Anne on Dec 15, 2014
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