EM currency notes finding buyers even after rout


Structured notes linked to emerging market (EM) currencies are finding buyers, even as the currencies remain volatile following the rout during the second and third quarters of this year. The temptation is coming largely from attractive prices in the forwards market, sources say, as well as clients' long-term bullishness on EM economies compared to developed markets such as Europe.

Currency pairings such as the euro/Brazilian real can form the basis for "interesting" structures, says one Zurich

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