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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
- CEE currencies, which have been significantly impacted by the Russia-related tensions in the second half of January, have been retracing higher this week amid RUB rebound.
- PLN is the best performing currency among the EM world, up 1.4% against the US dollar since the start of the week.
- Momentum on the CZK has also been firm ahead of the CNB meeting (Feb 3); the koruna is up over 1% against the greenback.
- CLP and TRY have been the weakest performing EM FX this week, down 1.2% against the dollar.
- The small consolidation in the peso follows the sharp appreciation last month (150bps hike combined with a fall in political uncertainty).
Source: Bloomberg
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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