【英语财经】美联储推迟加息 新兴市场股价汇率齐升 Emerging markets light up on Fed move

Emerging market currencies and stocks all rocketed higher on Thursday after the US Federal Reserve decided to hold off raising interest rates.

EM currencies, as measured by the JP Morgan EM currency index, swung from a loss of 0.5 per cent to a gain of 0.2 per cent immediately after the news.

Within this, the Brazilian real, which sunk as much as 2 per cent to hit a fresh near 13-year low prior to the announcement pared its losses to trade 0.7 per cent lower.

The Turkish lira, another EM currency that has been badly beaten, was up 0.4 per cent after reversing a loss of 0.2 per cent.

EM stocks - as measured by the MSCI emerging market index - was 0.8 per cent higher. Brazil's benchmark Bovespa stock index is up 0.2 per cent, while Mexico's IPC index climbed 0.6 per cent.

Anxiety over Fed interest rate policy has combined with an economic slowdown in China and falling commodity prices to rock EMs in recent months, pummeling their stock markets and currencies as well sparking a gush of capital outflows.

But Thursday's Fed move - while providing a temporarily reprieve from the sell-off - is unlikely to put an end to the market volatility.

For starters, EM central bankers, who have been urging the US Federal Reserve to raise rates sooner rather later, will continue to face lingering uncertainty about when the first hike will come.

美联储(Fed)周四决定推迟加息后，新兴市场的货币汇率和股价纷纷急剧攀升。

以摩根大通新兴市场货币指数(JP Morgan EM currency index)衡量，美联储决定不加息的消息传出后，新兴市场货币汇率从下跌0.5%一举转变为上涨0.2%。

其中，巴西雷亚尔的跌幅收窄至0.7%。在消息公布之前，雷亚尔跌幅曾高达2%，触及又一个近13年低点。

另一种曾遭遇沉重打击的新兴市场货币土耳其里拉，则逆转了0.2%的跌幅，变为上涨0.4%。

以MSCI新兴市场指数(MSCI Emerging Market index)衡量，新兴市场股票上涨了0.8%。巴西基准指数Bovespa股指上涨0.2%，而墨西哥IPC指数攀升0.6%。

对美联储利率政策的焦虑，加上中国经济放缓及大宗商品价格下跌，在近几个月令新兴市场动荡不堪，对各国股市和汇率造成连番打击，引发了资金外流的热潮。

不过，尽管美联储周四的举措暂时缓解了抛售行为，但不太可能为市场动荡画上句号。

其首要原因是，此前敦促美联储“晚加不如早加”的新兴市场央行官员，将继续面对围绕美联储何时开始加息的不确定性。

译者/简易