全球新兴市场策略：趋势即友-Trend = Friend

July 21, 2025 02:55 PM GMT Global EM Strategist Trend = Friend The USD rebound in July has been modest as policy uncertainty has offset resilient macro data. USD positioning is now neutral. We expect EM local markets to regain their footing as the medium-term trend of duration and FX gains reasserts itself. Key Takeaways The 2025 Extel Global Fixed Income Poll is now open and your participation matters a great deal to us. If you have found our Global FX and EM research insightful and helpful, we would great ...