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High Yielders Hit as Nominal Yields & USD Move Higher

EM FX
  • High yielders taking a substantial hit from lifting nominal real yields and a firmer USD, despite limited US headlines.
  • USD/TRY hovering around 7.00 round number resistance
  • USD/ZAR pulling back slightly below 14.6081 lateral resistance. Considerable pullback in commodities: gold -1.34%, platinum -2.7%.
  • USD/RUB retests 73.9016
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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