Morgan Stanley says it’s time to go ‘all-in’ on emerging market currencies

Morgan Stanley says it’s time to go ‘all-in’ on emerging market currencies

A men waits for a transmilenio bus using a Colombian soceer team t-shirt during the sectorized lockdowns, on August 21, 2020, in Bogota, Colombia.Sebastian Barros | NurPhoto | Getty ImagesLONDON — It is time for investors to position for a year-end rally in emerging market currencies and sovereign credit, Morgan Stanley analysts have said, citing less time for surprises ahead of the U.S. presidential election and supportive seasonal factors.It comes with little over a week before the U.S. vote, with some market participants increasingly pricing in the prospect of a Democratic president.President Donald Trump is seen trailing former Vice President Joe Biden in nationwide polling trackers, including in swing states, as both candidates prepare for the final week of campaigning before the Nov. 3 vote."The market appears to be underpricing