“I would not rush in to buy anything blindly right now; I still think we are going to have some pains over the next couple of weeks and months as inflation starts to stabilize, ”Erin Browne, multi-asset strategies portfolio manager at Pacific Investment Management Co., said on the“ Bloomberg Surveillance ”show. .
“Along with the broader emerging market currency complex, high-yielding currencies like the Philippine peso, Indian rupee and Indonesian rupiah have been under pressure in June,” strategists including Zach Pandl and Danny Suwanapruti wrote in a research note. “In coming weeks, we expect this pressure to continue versus the dollar, in some cases potentially posing upside … Read more
“An underwhelming Fed could provide a modicum of support for the pound at current levels, but the big question is whether a dovish repricing in UK money markets will impact the currency right now,” said Simon Harvey, currency analyst at Monex Europe Ltd., who recommends a long euro versus pound trade. .