Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EM FX
- CEEMEA currencies continue to weaken following strong US job beats on Friday; rising expectations that the Fed could soon start tapering its QE program could continue to support the USD in the short run.
- ZAR (which we defined as the EM carry currency, along with MXN) has been the weakest performer in the past three days, down 2% against USD.
- The second weakest performer is PLN. A 'quiet' NBP combined with strong USD keep pushing USDPLN higher; the pair is currently testing its 3.90 resistance, next key level to watch on the topside stands at 3.98 (March 31 high).
- Third weakest performer is the RUB, down 1.2% against USD. RUB could also be sensitive to a potential correction in oil prices amid the recent fall in growth expectations in Asia due to the deterioration in Covid situation.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok