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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
- We have seen that CEE currencies have depreciating sharply against the US Dollar since the start of the month as preference for the USD has been rising. -
- HUF is the biggest loser in June, down 4.3% since the start of the month, following 5.5% appreciation in May
- {PD} PLN has also been depreciating sharply, down 3.8% MtD
- CZK is down 2.7% MtD• In addition, super trending {SA} ZAR has also been consolidating this month, down 2.1% this month following a 5.5% increase in May.
- Political and economic uncertainty continues to weigh on the Turkish lira, with USDTRY flirting with its all-time high at 8.70 (all-time low for TRY, down 2.2% MtD).
- The Ruble is the only trending currency in the CEEMEA market, up 1.9% against the USD, partly driven by the firm momentum in oil prices.
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.
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