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  •  Emerging Markets Debt Daily

    VanEck Blog | Emerging Markets Debt Daily

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Brazil’s fiscal outlook is questioned after comments about the spending cap’s suspension “in a moment of extreme need”. Mexico’s upside inflation surprise increases the probability of the central bank’s pause.

    Emerging Markets Debt Daily

    January 21, 2021

    Turkey – Hawkish Hold, Dovish Fears

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Central banks in Turkey, South Africa and Brazil delivered hawkish messages. The currencies’ reaction shows that the ones in Turkey and South Africa were more credible.

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    Emerging Markets Debt Daily

    January 20, 2021

    EM FX – Who Is Afraid of Bidenomics?

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    2021 growth consensus forecast for EM appears to be stalling, with EMEA affected the most. Rate hike expectations for EM are not going away.

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    Emerging Markets Debt Daily

    January 19, 2021

    China Growth – Rebounds, Revisions, Questions

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    The uneven nature of China’s recovery indicates that the stimulus withdrawal will be gradual. The Russian sanctions risk is staging a comeback.

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    Emerging Markets Debt Daily

    January 15, 2021

    Brazil – Rising Rate Hike Expectations

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    The market keep bringing forward the rate hike expectations for Brazil. Turkey’s inflation expectations are down, but President Erdogan adds to uncertainty about the policy U-turn.

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