WisdomTree: Emerging Market Currencies: What’s Driving the Brazilian Real’s Strong Outperformance?
May 28, 2014 at 11:05 AM EDT
Four months into 2014, the Brazilian real is the strongest-performing currency across the broader emerging markets (EM).1 With most other major currencies mixed against the U.S. dollar year-to-date, what is driving the nearly 7% return for the real? In our view, a variety of forward-looking factors...