Brazilian Real

It's carnage out there for emerging markets

Remarks by US Federal Reserve Chair Janet Yellen late Thursday suggesting the central bank could still raise rates this year sparked fresh selling on Friday, with the Malaysian ringgit and Indonesian rupiah falling to their lowest levels since the Asian financial crisis in 1998

China far from recession, auto sales up 8% this year: Mowat

Adrian Mowat of JPMorgan believes China is far from being in recession. He bases his argument on the strong data coming out of the country that shows that auto sales have risen 8% and home sales are up 20% this year

Why EM currencies matter to every investor: FX pro

As the dollar has surged this year and oil has continued to crumble, emerging market currencies have felt the pain. The real has fallen 16 percent against the dollar year to date, dropping nearly a full percent on Tuesday aloneâ€”a huge move for a currency.

Time to buy for long-term; like metals, banks: ICICI Pru

The market is now presenting an opportunity to invest for the long-term in sectors like IT, metals, banks, telecom etc, says S Naren of ICICI Prudential AMC.

See rupee in 61-62/$ range in medium-term: Macquarie Bank

However, given that fundamentals of India better placed than Russia and Brazil, Nizam Idris of Macquarie Bank is confident of rupee outperforming against other EM currencies.

Emerging markets now offer 'fantastic value'

Emerging markets have seen a brutal sell-off this year after sharp falls in the value of the Argentine peso, Turkish lira, South African rand and Brazilian real triggered panic selling across the asset class, with analysts largely blaming the turbulence on the Federal Reserve's move to begin tapering its asset purchases.

Are emerging markets on the brink of another crisis?

The selloff spread to emerging market currencies in Asia on Monday morning, as the Malaysian ringgit hit a fresh four-year low against the dollar, the Philippines peso hovered close to its four-year low and the Indonesian rupiah hit a two-week low against the greenback.

5 currencies to watch in 2014

Technically, the dollar-yen pair is in a clear uptrend. After breaching the symmetrical triangle on the upside, the pair has been consistently moving northwards. A sustained closing above 103.70 will lead the pair higher towards 105 levels.

No case for asset reallocation, positive on EMs: Experts

Steve Brice, chief investment strategist, Standard Chartered Bank believes as long as the data coming out of the US continues to be strong, markets will take tapering in its stride.

HSBC expects rupee around 62/USD by year end

Paul Mackel of HSBC says there is still some very good yield in the Indian rupee, Malaysian ringgit and Brazilian real.

Rupee to find resistance at 61.4/$

According to CNBC-TV18's Latha Venkatesh, the dollar seems to have had a slightly upper hand and should therefore, open higher today, higher than 61.26-61.30 or thereabouts. But the cues are still very nebulous.

Emerging market currencies look grim: Nirmal Bang

Although emerging market currencies have depreciated significantly, Brazilian real and Indian rupee have fallen more than the others, says Nirmal Bang research report.

Asian currencies strong; 61.21 key level for rupee

According to CNBC-TV18‘s Latha Venkatesh RBI will try to defend the key 61.21 level.

Bernanke seems schizophrenic; tapering by Sept: Eastspring

The trend in the US Labour market suggests the Fed is probably on track for a September tapering of its quantitative easing programme, says Nicholas Ferres of Eastspring.

Mecklai: Re to fall further from current level of 55.50

Let us examine the parallel movement between Brazilian Real versus Indian rupee which has correlation of more than 90 percent since 2011, though distorted for a while in September 2012 but now its back on track.

Re likely to underperform amid low volatility: Barclays Cap

The fall of the rupee has forced the Finance Ministry to take necessary steps to arrest the fall, besides which there are other near term triggers in which currency selling is a bit difficult.