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Deutsche Bank WM: Emerging markets to benefit from Fed’s dovish turn

Driven by expectations of a weaker USD and less hawkish Fed, emerging market (EM) bonds have enjoyed a significant rally year-to-date, which Deutsche Bank Wealth Management believes will continue. “Now that the Fed has turned less hawkish to the extent that even a single US interest rate hike for 2019 is no longer taken for granted, the pressure is off,”…

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