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.
"After it becomes worse, it should become better, and even though the market fundamentals are very weak, investors are betting on a turnaround once oil prices rebound and the ruble strengthens."
- Benoit Anne on Jan 13, 2015
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