According to the JP Morgan's (US investment bank) analysts, inflation and the associated growth in bond yields in
developed countries will lead to a decline in the exchange rates of those
countries, that belong to the category of young market economies in Europe, the
Middle East and Africa. However, according to them, there will be significant
differences between individual countries, and for example the Czech crown and
the Russian ruble will do better.
The bank's analysts therefore continue
to prefer the Czech crown and the Russian ruble and recommend that clients keep
these currencies above average in relation to other currencies.
Source: Czech News Agency