Emerging market central banks have a busy week ahead.
Here's how to trade on the upcoming meetings.
Brazil, Turkey, Thailand and the Philippines all have central bank meetings this week - which means there could be some interest-rate surprises in the offing.
"Lower than expected rates of growth" are leading a number of emerging market central banks to cut interest rates, says Andrew Busch, global currency and public policy strategist for BMO Capital. "They're not concerned about inflation at this point."
Brazil is the only country widely expected to cut rates this week, Busch says, "but here's the cool thing. Nobody thought Turkey would do it last time," and when they abruptly cut rates on October 4, it was a big surprise.