The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasurys jumped on the prospect that the Fed might scale back its stimulus program.
South Africa's currency may have taken a battering in recent months, making it one of the worst performing major currencies this year, but analysts have told CNBC that the rand (ZAR) could be ready for a turnaround in 2013.
Kathy Lien, Managing Director, BK Asset Management explains why the Mexican Peso and the Korean Won can provide good opportunities for investors looking to tap emerging market currencies.
The euro rose against the dollar for a second straight day Tuesday, as surprisingly strong German economic sentiment and optimism about the US spurred broad-based risk-taking.
The euro hit a six-week high against the dollar on Monday, with some investors trimming bets against the single currency on signs Germany may be open to a Greek debt write-down.
Jens Nordvig, Global Head of Currency Strategy, Nomura Securities International says currency markets will not be totally out of the woods despite lower volatility ahead. He adds that his favorite emerging market currency is the MXN.
U.S. investors who've been cringing over the Chinese and Brazilian stock markets the past few years might have looked closer to home for an emerging market.