About Money Watch Africa

March 21, 2017

Bloomberg- JPMorgan Recommends Overweight ZAR, RUB vs Underweight CEE FX

Bloomberg- JPMorgan Recommends Overweight ZAR, RUB vs Underweight CEE FX

"JPMorgan recommends taking overweight positions in "high yielding" ZAR and RUB vs underweights in CEE currencies... In near term, risk markets will likely overlook valuation hurdles for higher-yielding currencies... 'Potential bounce in metals and oil prices in coming weeks, after a 5%-10% correction since the start of March, should help support these currencies'"


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