Free Trial

CEEMEA Snapshot: Risk off Hits EM FX/FI

EMERGING MARKETS
  • EM FX/FI being hurt across the board as a result of broad based risk-off. TRY the most resilient, while ZAR gets hit the worst.
  • SA: USD/ZAR +1.5% trading around prior reversal levels at 15.3137. 30Y pares early gains but 10Y holds marginally in the green.
  • RUSSIA: USD/RUB looking vulnerable +0.95% around 22 Dec high (75.91) and 100dma. Move through 76.00 opens up a larger move towards 76.61. Local curve being hit by outflows 10Y +5bp.
  • TURKEY: USD/TRY weathering the storm the best +0.77%, holding below 7.4117 resistance. Bond flows reversed into bear flattening, 2Y +3.1bp, 10Y +2.2bp.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.