Why has the EM rally failed to materialise?

Following the US Federal Reserve’s quantitative easing programme in September, there were predictions of a rise in appetite for emerging markets currencies, yet this has failed to materialise. Benoit Anne, head of emerging markets strategy at Soc Gen, joins FT currencies correspondent Alice Ross to talk about current sentiment towards EM currencies. Also under discussion is the rise of the Mexican peso, and whether its popularity is shortlived.