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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
- Demand for the US Dollar has been surging since the start of the month, supported by the global risk off environment amid growing concerns over renewed sanctions on Russia.
- DXY index has been finding resistance at the 99.7290 level in the past two days after breaking above 99.42 this week (99.7290 represents the 76.4% Fibo retracement of the 89.21 – 102.98 range).
- A break above that level would open the door for a move up to 100.
- To the exception of the PHP and IDR, all EM currencies are down in April.
- HUF remains the worst performingcurrency among the EM world, down 4.4% against the US Dollar as market has been pricing in renewed political tensions with the EU in the near to medium term following Orban’s victory over the week end.
Source: Bloomberg
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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