A Archyde.com poll of more than 50 currency strategists showed that All emerging market currencies will depreciate over the next 12 months once morest the dollar And that with expectations of successive interest increases as the Federal Reserve tightens its monetary policy.
The survey indicated that the most declining currencies will be the Mexican peso and the Brazilian real.
The poll also expected the Russian ruble to lose regarding 15% of its value, equal to 94 rubles to the dollar, in addition to the decline of the Turkish lira 15% to more than 17 lira to the dollar.
In addition, the Chinese yuan is expected to fall 1.4% to 6.45 yuan per dollar.
