By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income Unexpected policy U-turns in DM are testing EMs’ ability to conduct independent monetary policy. Global Volatility Global interest rates’ volatility (MOVE Index)1remains extremely high by historical standards, and global FX volatility (JPMVXYGL Index)2is the highest since the onset of the COVID pandemic. Emerging markets (EM) currencies with questionable [...] The post Bumpy Ride for EMs appeared first on ETF Trends .