JPMorgan downgrades emerging FX after Trump tariffs exceed worst-case scenario
Tehnologie
LONDON : Investment bank JPMorgan downgraded its recommendation for emerging currencies to "underweight" on Thursday after U.S. tariffs exceeded its worst-case scenario. U.S. President Donald Trump late on Wednesday announced "reciprocal" tariffs ranging from 10 per cent to above 40 per cent. "While there remains scope for negotiation and de-escalation, we think this round of tariffs is a pivotal turning point for EM fixed income outlook in coming months, as the shock to sentiment and capital
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