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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
- Momentum on oil-sensitive currencies – RUB, MXN and COP – has been strong this week despite the consolidation in oil prices.
- RUB and MXN are the two best-performing currencies among the EM world, up 2.3% against the USD.
- CEE currencies have also been consolidating higher this week after significant depreciation in November.
- PLN is the best performing currency of the region, up 2.2% against the Dollar and partly driven by the positive surprise in inflation (which increased the odds for a bigger hike next week).
- On the other hand, TRY continues to plunge amid Erdogan’s firm view on interest rates; the lira is down 10% against the USD this week.
- BRL is the second weakest performer, down 1.1% against the USD.
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.
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