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Another central bank cut - The.....>

EMERGING MARKETS: Another central bank cut
- The Central Reserve Bank of Peru were the latest to cut rates by 25bps to
2.50%, which came inline with expectations. The accompanying statement was more
dovish, suggesting of one more cut this year.
- PLN sits top of the pile registering modest gains of 0.16%. EURPLN is off its
best levels of the week, targeting a break back under Pln4.3200. Poland's
central bank Governor Glapinski was on the wires earlier noting that he doesn't
rule out monetary easing if the economy slows.
- ZAR sits bottom of the pile with losses of 0.75%. Volumes remain extremely
light with the local holiday today.
- Profit taking in TRY has seen the pair give back light gains. USDTRY down +3%
on the week consolidates above the Try5.50 level with focus on the 200-dma at
- Rate decision next week from Mexico with early expectations of a 25bps cut to

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