FXStreet (Guatemala) – Analysis at Deutsche Bank explained that the prospect of Fed hike, possibly as early as September, serves a remainder of the multiple, relentless risks EM markets are facing.
Key Quotes:
“EM markets remain vulnerable to the crosswinds that have buffeted global markets in recent months – be it the Greek crisis, the correction in the Chinese equity markets, the fall in commodities prices, and the upcoming of the Fed cycle. While some of these risks have seemingly becalmed for now, none of them have fully receded, with commodities having been the main drag over the past two weeks. Markets now should be increasingly sensitive to the upcoming US data, starting with next week’s US employment report for July.”
(Market News Provided by FXstreet)