ArticleBody Goldman Sachs is looking for further rising commodity prices and a comeback in growth.

Recommends:

  • commodity-linked emerging-market currencies (specifically mention RUB, ZAR, MXN)
  • oil-related sovereign bonds
  • using "rate-resistant funders" such as the yen, CHF but also USD

GS also cite:

  • stable Chinese growth
  • strong EM external balances
ArticleBody Goldman Sachs is looking for further  rising commodity prices and a comeback in growth.