Friday’s strong US jobs data has revived forecasts for the Federal Reserve to cut its bond purchases as soon as December, a prospect that should cause jitters for investors in emerging markets. But some say they’re not worried.

Currencies ranging from the Brazilian real to the Indian rupee dropped more than 1% after the jobs report, but recovered from most of those losses on Friday. More recently, these currencies were modestly weaker on Monday, with the Mexican peso off 0.5% at MXN13.2341 to the dollar.