Deutsche Bank launches indexes to track 21 emerging market currencies

In Hong Kong, China, the Deutsche Bank logo can be seen. 8th of July, 2019. Tyrone Siu/Tyrone Siu/Tyrone Siu/Tyrone Siu/Tyrone Siu/ Reuters, July 6 – Deutsche Bank (DBKGn.DE) announced the launch of a new set of foreign exchange (FX) indexes on Tuesday to track 21 emerging market (EM) currencies, showing the growing relevance and importance of developing markets in the global economy. The four new non-tradable FX indexes would track emerging markets that have seen substantial global investment inflows, a growing proportion of government debt issuance, and a large growth in FX transaction volumes over the last two decades. In a statement, Deutsche Bank EM strategist Oliver Harvey stated, “The new indices measure both spot and carry performance of 21 emerging market currencies, acting as a comprehensive set of barometers for EM investors watching FX.” Sameer Manekar in Bengaluru contributed reporting, and Uttaresh edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More