Firmer commodities boost Latam FX

The Chilean peso rose nearly 3% on Wednesday, leading sharp gains among Latin American currencies, as commodity prices firmed with the dollar pulling back from a two-decade peak.

The dollar index =USD fell from a fresh 20-year high touched earlier on Wednesday while the sterling gained ground after the Bank of England said it would step in to calm distressed bond markets.

Latam currencies .MILA00000CUS gained 0.6%, with many touching session highs and outperforming emerging market (EM) peers that have been hurt by a risk-off sentiment this year amid rising interest rates and growing recession concerns.

Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Fidelity International

More articles like this

Fidelity Emerging Markets

Outlook for Emerging Markets in 2024

Emerging markets are neutral for 15 years now. In fact, as 2024 kicks off, EEM ETF, representative of emerging markets, trades at the exact same point as the market’s top in 2007. Our emerging markets outlook for 2024 is neutral to

Fidelity Emerging Markets

Emerging Markets: Potential turning points

In times of uncertainty and dislocation, emerging markets often stand in the Crossfire. Given the state of geopolitics and the radical reset of borrowing Costs, the present moment would surely qualify as uncertain and dislocated. Yet in many

Fidelity Emerging Markets

The stars are well aligned for emerging markets

Emerging markets are poised for growth, buoyed by favourable interest rates, a stable US dollar, and beneficial oil prices, per Mark Matthews of Bank Julius Baer & Co. Matthews pointed out that Korea and Taiwan currently feature among

Fidelity Emerging Markets

Emerging Market stocks break 4-day losing streak

Emerging market stocks rose for the first time in five days on Monday on signs of improving corporate performance in Asia and a thaw in U.S.-China relations, while traders gear up for key U.S. inflation data on Tuesday.

Fidelity Emerging Markets

Bulls are back in Emerging Markets as growth stocks outperform

Emerging-market equity investors are signaling they’re done running for safety and are hungry for risk. Stocks in developing nations have added $1.1 trillion in the past two weeks as anxiety about global interest rates gives way to optimism

Fidelity Emerging Markets

Investing in e-commerce development in Emerging Markets

When it comes to e-commerce investment, emerging markets have long been overshadowed by developed countries. However, as e-commerce penetration and online sales growth rates mature in developed countries, players across the digital ecosystem are shifting focus to emerging

Fidelity Emerging Markets

The stunning resilience of emerging markets

As finance ministers and central bankers convened in Marrakesh for the International Monetary Fund and World Bank annual meetings on October 9-15, they faced an extraordinary confluence of economic and geopolitical calamities: wars in Ukraine and the Middle

Fidelity International

Emerging Markets investment trust: FEML factsheet Sept 2023

Fidelity Emerging Markets Limited (LON:FEML) has announced its monthly factsheet for September 2023. Emerging markets declined in September and marginally underperformed developed markets. US Treasury yields reached near multi-year highs after the US Federal Reserve signalled that interest rates

Fidelity Emerging Markets

Emerging markets & technology at SBC Summit Latinoamérica

SBC Summit Latinoamérica will present 3,000 delegates with the chance to engage in discussions around thriving markets in the region and explore the latest cutting-edge technology during the specialised “Emerging Markets & Technology’ track.  This will take place on

Fidelity Emerging Markets

There’s more to Emerging Markets than China

Emerging market equities offer a wide variety of exciting investment opportunities, but many of these are often overshadowed by the dominance of China both in terms of index weight and investors’ mindshare. We believe an ex-China strategy could

Fidelity Emerging Markets

Empowering Emerging Markets

Emerging markets across the globe are experiencing a transformative shift in the way financial transactions occur. The growth of payouts in these regions has ushered in an era of economic empowerment, financial inclusion, and technological innovation. This article

Fidelity Emerging Markets

Growth opportunities in emerging markets

Many consumers probably don’t realise the importance emerging markets play in their everyday lives. Not only as providers of the raw materials powering their favourite high-tech devices, but also as drivers of innovation in areas such as electric

Fidelity Emerging Markets

Foreign appetite for EM expected to remain strong

Foreign appetite for emerging markets including Malaysia is expected to remain strong for the remainder of the year as investors are looking to diversify funds in light of the widening risk-reward ratio on Wall Street as another Federal

Fidelity International

Fidelity Emerging Markets Limited August factsheet (LON:FEML)

Fidelity Emerging Markets Limited (LON:FEML) published its monthly factsheet for August 2023. Portfolio Manager Commentary Emerging markets declined in August amid global risk-off sentiment as benign data from the US economy raised concerns that the US Fed will

Fidelity Emerging Markets

What are the growth drivers in EM going to be?

More experienced colleagues are prone to be sceptical about a lot of things. One thing we have been asked on a number of occasions is where the growth is going to come from now China is slowing. That

No more posts to show