📝 Carry Seen Supporting EMFX Vs. EUR: Deutsche Bank

Emerging market currencies are attractive amid rising interest rates. While the broad dollar remains largely the main directional driver, carry has gained importance as a factor of currency selection, and this should continue to support EM currencies--especially vs. the EUR, as liquidity crunch risks are subdued and local markets in domestic currency are still appealing. In Latin America, we favor the MXN and the BRL.

- Deutsche Bank