JOHANNESBURG/BENGALURU—The shift in global inflation expectations from transitory to sticky will spare emerging market currencies a sell-off in the next few months as central banks consider or deliver near-term interest rate hikes, a Reuters poll of strategists found.
While several remain under intense pressure, many emerging market currencies are likely to mark a stronger final quarter of 2021—as they have in previous years—especially the South African rand, Russian rouble, and Thai baht.
