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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.
EMERGING MARKETS
While the greenback is trading on softer footing in the G10 space today, most EMEA currencies are still facing headwinds amid the more cautious market tone – though losses are more muted today than in previous sessions. Notably, the MSCI EM FX index down 0.20% today and recorded its lowest level since February earlier on in the session (see below).
- The Hungarian forint, Polish zloty and South African rand have all recorded spot losses of over 1% against the dollar this week. In Latam, losses of the Mexican peso and Brazilian real stand at 1.56% and 1.60%, respectively.
- In addition to the firmer greenback, concerns over a US government shutdown have weighed on risk sentiment. Yields on 10y US bonds reached fresh cycle highs today, while most major US and European equity indices have recently entered bullish phases. Furthermore, EM FX remains sensitive to developments regarding the Fed and ECB’s rate paths given their still relatively generous carry profiles.
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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