Note the dispersion in the year-to-date currency performance in this sub-set of emerging economies. With domestic interest rates in most of these countries having fallen sharply this year, the local EM trade has become more of an fx trade,if not overwhelmingly so for some countries. #forex #em #emergingmarkets #markets #economy #developingcountries #fxtrading #localbusiness #supportlocalbusiness #currency …see more