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Coming up in the Asia-Pac session on Monday:


Coming up in the Asia-Pac session on Monday:


Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High

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Nordea note that "EM is slowly starting to acknowledge the message from the Fed with regards to reflation. USD/BRL, USD/ZAR and other EM-pairs moved swiftly lower towards the end of last week and there is potentially a SOLID catch-up trade in the making in the EM-space. EM FX is still running 12-13% behind G10 FX versus the USD and now you even have Fed Chair Powell's backing for such a trade. What is not to like? We prefer a basket of USD/ZAR, USD/BRL and USD/INR as the EM catch-up case!"

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |
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