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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
- The rising uncertainty over the Delta variant has increased preference for safe assets such as the USD in June.
- To the exception of the RUB (up 1.7%), all other major CEEMEA currencies are down this month against the greenback.
- ZAR and HUF are the biggest losers, down 3.7% and 3.6% (vs. USD), respectively, following strong performance in May (both currencies were up 5.5% against USD last month).
- PLN and CZK have also depreciated by 3.1% and 2.8% this month.
- Rising political and economic uncertainty has led to more TRY depreciation, down 2.8% against the USD, currently trading close its record low reached last week.
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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