Free Trial
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
- HUF remains the best performer so far this year among the EM world despite recent consolidation; the forint is up 4% against the USD and 3.5% against the Euro.
- USDHUF find a local low at 307.11 yesterday before starting to edge higher; the pair is currently trading above the 312 level.
- CLP and ‘risk-on’ ZAR are the second and third best performers this year, up 3.8% and 3.7%, respectively, against the USD.
- Interestingly, the rand has performed well despite the rise in price volatility; ZAR generally tends to be sensitive to the dynamics of VIX (rising VIX, cheaper ZAR and vice versa).
- On the other hand, geopolitical tensions between Russia and Europe/US has been weighing on the Ruble, which is the worst performing currency this year, down 2.2% against the greenback.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok