CEE Currencies Hold Promise

As we outlined on February 9 (see our online service 2010 Strategy: Sovereign And Monetary Risks To Lead The Way), the medium-term outlook for European equity and fixed income markets remains clouded by a combination of weak aggregate demand, deflationary credit conditions and elevated sovereign risks in the 'peripheral' eurozone countries of Greece, Portugal, Italy and Ireland. That said, fundamental market opportunities remain, and we highlight benchmark Central and Eastern European (CEE) currency crosses as among our favourite strategic plays.

To read the full article, please choose one of the following options: