{"id":563495,"date":"2021-07-05T03:57:03","date_gmt":"2021-07-05T03:57:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/"},"modified":"2021-07-05T03:57:03","modified_gmt":"2021-07-05T03:57:03","slug":"fears-of-the-delta-strain-are-hitting-emerging-market-currencies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/","title":{"rendered":"Fears of the Delta strain are hitting emerging-market currencies"},"content":{"rendered":"

<\/a> Fears of the Delta strain are hitting emerging-market currencies:<\/strong> Developing countries with low vaccination rates could face currency pressure as the Delta variant prompts new restrictions, Bloomberg<\/a> reports. In June, the South African rand and the Russian ruble \u2014 formerly this year\u2019s best performers \u2014 stalled, weighing down an index of emerging-market currencies in June for the first time in three months. Both South Africa and Russia are being hit hard by what appears to be the Delta variant, with Durban last week announcing a strict lockdown<\/a> to curb a rapid increase in cases and Moscow reporting record daily cases<\/a> on Saturday.<\/p>\n

Vaccination rates to determine the victors and losers in EM?<\/strong> \u201cAchievements in terms of vaccination will increasingly be a differentiation factor among emerging markets in the second half [of 2021],\u201d said one EM strategist.<\/p>\n

The most vulnerable:<\/strong> South Africa and Colombia are likely to see the most pressure on their currencies as the combination of rising cases, low interest rates and higher state spending puts portfolio flows to the test, according to an interest-rate and currency analyst. South Africa has only vaccinated 5% of its population, and at the current rate, would have to wait until 2023 to inoculate 50% of its population, the percentage that experts say is needed to combat Delta. Colombia has also only 11% of its people vaccinated.<\/p>\n

The fortunate:<\/strong> Chile, China, Israel, the UAE and the Central Eastern European countries, which have vaccinated almost half of their citizens, the percentage that experts say is needed to combat Delta, Bank of America said last week. Other EMs \u2014 such as Brazil, India, Indonesia, Mexico, Russia and Turkey \u2014 are expected to reach the same level by the end of 2021.<\/p>\n

But the UK is showing right now that even the fortunate may not be on easy street:<\/strong> Covid cases are back above 20k per day<\/a> in the UK, which has given more than 45 mn of its citizens at least one shot of a covid vaccine.<\/p>\n

IN OTHER FINANCIAL NEWS-<\/strong><\/p>\n

MENA wealth funds get an \u2018F\u2019 for governance and resilience:<\/strong> Sovereign wealth funds in the Middle East are the world\u2019s worst performers when it comes to governance and resilience, according to Global SWF\u2019s<\/a> latest GSR Scoreboard. The scoreboard, which ranks wealth funds based on 10 governance elements, 10 sustainability benchmarks and five resilience metrics, ranked only four MENA funds higher than 50%, with the region\u2019s three biggest funds sitting at the bottom of the pile due to poor transparency and \u201csignificant withdrawals\u201d caused by covid-19 and the last year\u2019s oil crash. \u201cThe big three Middle Eastern funds seem to be getting worse at inspiring trust,\u201d Bloomberg<\/a> quoted the report as saying, referring to ADQ, the Kuwait Investment Authority, and the Qatar Investment Authority.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

10,346<\/p>\n<\/td>\n

\n

+0.9% (YTD: -4.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.63<\/p>\n<\/td>\n

\n

Sell 15.73<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.63<\/p>\n<\/td>\n

\n

Sell 15.73<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

11,031<\/p>\n<\/td>\n

\n

+0.5% (YTD: +27.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

6,948<\/p>\n<\/td>\n

\n

+0.7% (YTD: +37.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

2,804<\/p>\n<\/td>\n

\n

-0.4% (YTD: +12.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,352<\/p>\n<\/td>\n

\n

+0.8% (YTD: +15.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,123<\/p>\n<\/td>\n

\n

-% (YTD: +10.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 76.17<\/p>\n<\/td>\n

\n

+0.4%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 3.70<\/p>\n<\/td>\n

\n

+1.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,783.30<\/p>\n<\/td>\n

\n

+0.4%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 34,928<\/p>\n<\/td>\n

\n

+1.1% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The EGX30 rose 0.9% at yester<\/strong>day\u2019s <\/strong>close<\/strong> on turnover of EGP 897 mn (27.7% below the 90-day average). Foreign investors were net buyers. The index is down 4.6% YTD.<\/p>\n

In the green: <\/strong>TMG Holding (+4.8%), Abou Kir Fertilizers (+3.8%) and EFG Hermes (+2.1%).<\/p>\n

In the red: <\/strong>MM Group (-1.0%), Cleopatra Hospital (-0.4%) and Orascom Development Egypt (-0.4%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Fears of the Delta strain are hitting emerging-market currencies: Developing countries with low vaccination rates could face currency pressure as the Delta variant prompts new restrictions, Bloomberg reports. In June, the South African rand and the Russian ruble \u2014 formerly this year\u2019s best performers \u2014 stalled, weighing down an index of emerging-market currencies in June […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[380,4123,72,119,122],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563495","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-currencies","tag-emerging-market-currencies","tag-enterpriseam","tag-financial-markets","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"3faf48af-531c-4220-899d-add43de39a05","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563471],"teaser":"","voice_url":""},"yoast_head":"\nFears of the Delta strain are hitting emerging-market currencies - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fears of the Delta strain are hitting emerging-market currencies\" \/>\n<meta property=\"og:description\" content=\"Fears of the Delta strain are hitting emerging-market currencies: Developing countries with low vaccination rates could face currency pressure as the Delta variant prompts new restrictions, Bloomberg reports. In June, the South African rand and the Russian ruble \u2014 formerly this year\u2019s best performers \u2014 stalled, weighing down an index of emerging-market currencies in June […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-05T03:57:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fears of the Delta strain are hitting emerging-market currencies\",\"datePublished\":\"2021-07-05T03:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\"},\"wordCount\":558,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"currencies\",\"emerging-market currencies\",\"EnterpriseAM\",\"Financial Markets\",\"Planet Finance\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\",\"name\":\"Fears of the Delta strain are hitting emerging-market currencies - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-07-05T03:57:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fears of the Delta strain are hitting emerging-market currencies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fears of the Delta strain are hitting emerging-market currencies - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/","og_locale":"en_US","og_type":"article","og_title":"Fears of the Delta strain are hitting emerging-market currencies","og_description":"Fears of the Delta strain are hitting emerging-market currencies: Developing countries with low vaccination rates could face currency pressure as the Delta variant prompts new restrictions, Bloomberg reports. In June, the South African rand and the Russian ruble \u2014 formerly this year\u2019s best performers \u2014 stalled, weighing down an index of emerging-market currencies in June […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-07-05T03:57:03+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Fears of the Delta strain are hitting emerging-market currencies","datePublished":"2021-07-05T03:57:03+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/"},"wordCount":558,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["currencies","emerging-market currencies","EnterpriseAM","Financial Markets","Planet Finance"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/","name":"Fears of the Delta strain are hitting emerging-market currencies - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-07-05T03:57:03+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/fears-of-the-delta-strain-are-hitting-emerging-market-currencies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Fears of the Delta strain are hitting emerging-market currencies"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":558548,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/emerging-market-currencies-could-see-a-selloff-if-us-yield-spike-continues\/","url_meta":{"origin":563495,"position":0},"title":"Emerging-market currencies could see a selloff if US yield spike continues","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"Emerging-market currencies poised for selloff amid possible US yield spike? Developing-nation currencies may suffer losses amid a possible sharp rise in US real yields as inflation rises and the mitigating effects of China's economic rebound fade, according to Bloomberg. Emerging-market currencies saw their biggest losses since July 9 as the\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546316,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/emerging-market-currencies-see-biggest-losses-since-2020\/","url_meta":{"origin":563495,"position":1},"title":"Emerging-market currencies see biggest losses since 2020","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"EM currencies see biggest losses since 2020: Emerging-market currencies are suffering as investors pull out of risk assets in response to rising interest rates in the US and the economic slowdown in China, according to the Financial Times. The MSCI Emerging Markets Currency Index dropped over 4% since the beginning\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597046,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/does-currency-devaluation-actually-increase-exports-in-emerging-markets\/","url_meta":{"origin":563495,"position":2},"title":"Does currency devaluation actually increase exports in emerging markets?","author":"enterpriseam admin","date":"15 July 2019","format":false,"excerpt":"Currency devaluation increases exports, right? Not always. The depreciation of emerging-market currencies may actually result in falling exports, research by the Bank of International Settlements (BIS) and the FT suggests. Conventional wisdom tells us that a weakening currency makes exporters more competitive in the international market, causing an increase in\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/980.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553993,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/more-doom-and-gloom-for-ems-going-into-the-new-year\/","url_meta":{"origin":563495,"position":3},"title":"More doom and gloom for EMs going into the new year","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"The case for investing in emerging market currencies into the new year is darkening, despite expectations for a surge in interest rate hikes in the coming months, Bloombergreports. MSCI\u2019s emerging currency index remains 1.6% below its June peak and traders are pessimistic about a recovery even as central banks in\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548251,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/emerging-market-investors-are-turning-to-the-eur-to-fund-carry-trades\/","url_meta":{"origin":563495,"position":4},"title":"Emerging-market investors are turning to the EUR to fund carry trades","author":"enterpriseam admin","date":"1 August 2022","format":false,"excerpt":"Move over, USD. The EUR is the new funding currency of choice for EM carry traders: Investors trading emerging-market currencies with borrowed EUR have seen as much as 29% gains this year as the EUR\u2019s fall against the greenback helps prop up some popular EM carry trades, Bloomberg reports. The\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563158,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/hawks-at-the-fed-egypt-shouldnt-sweat-it\/","url_meta":{"origin":563495,"position":5},"title":"Hawks at the Fed? Egypt shouldn\u2019t sweat it.","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"The EGP will hold up better than most other emerging-market currencies in the event of tightening at the Federal Reserve, given its attractive real interest rates, an analyst at Fidelity International tells Bloomberg. The currency, along with the Ghanaian cedi, have an \u201cenormous\u201d advantage over their peers in terms of\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/264.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=563495"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563495\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563471"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563495"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563495"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}