Iraqi Dinar Discussion Board

[Marcelno]

Emerging-Market Debt Gains to ‘Slow,’ JPMorgan Says


http://www.bloomberg.com/apps/news?pid=20601086&sid=ahZ69qZjsEJM


Peru Cut, Iraq Raised
JPMorgan cut Peru to “market-weight” from “overweight” on growth risks and rising political uncertainty and lowered El Salvador to “underweight” from “market-weight” on a slump in remittances from Salvadorans working abroad. The bank upgraded Iraq to “market-weight” from “underweight,” citing “notable improvements in the security situation.”

On foreign exchange rates, JPMorgan said “most emerging market currencies are now at close to fair value with only the Mexican peso and the Hungarian Forint remaining cheap.”