US Fed Rate

LAGOS (Capital Markets in Africa) – Emerging-market currencies should comfortably ride out coming Federal Reserve monetary tightening, according to Societe Generale SA. The Fed’s slow and steady approach — expectations for hikes beyond Wednesday’s widely expected 25-basis-point move seem “extraordinarily subdued” — ensures that emerging market currencies will feel little impact, and carry trades will remain a viable strategy over the coming quarter, said Jason Daw, SocGen’s head of emerging-market foreign-exchange strategy in Singapore. “EM currencies…