Emerging market currency valuation amid US dollar strength
US dollar index (average of $ vs. main global currencies) and US real effective exchange rate (REER) at 10-year peaks
Drivers are US rate hikes and global risk aversion (slowing growth, EU energy crisis); much of EM suffers as a result
Cheap FX + equities: large EM Brazil, Indonesia, Korea, SA, Thailand; small EM Chile, Colombia, Hungary, Pakistan, SL

Strategy & Head of Equity Research @ Tellimer Research
