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Risk Conditions Improve Slightly Following the US Equity Open

EMERGING MARKETS
  • Firmer US equities seeing some upside pressure in the BBDXY subsiding with risk currencies starting to pull back early weakness
  • USD/TRY is now back below 8.50 (-0.35% on the day) leading the CEMEA region - owing a lot to light positioning in TRY, however.
  • USD/ZAR pulling back from 15.40 , having sold off aggressively this week as the worst performing EM currency
  • USD/RUB is now back below 74.50 having stalled out around 74.60 with RUB weakness exacerbated by selling pressure in oil markets.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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