Several 100-real banknotes. Photo: DPA, Lukas Schulze

Goldman Sachs analysts continue to express a preference for currencies of so-called “good carry” candidates, countries that show a combination of high carry and strong fundamentals. According to their country economists’ forecasts seven countries fit the profile of featuring sustainable current account balances, high or rising growth, and inflation falling or meeting targets: Brazil, Colombia, Indonesia, India, Peru, Russia, and South Africa. These countries have shown strong FX and rates recoveries from the “Trump Tantrum.”