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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
- This week, we have seen that the renewed tensions in Russia-Ukraine conflict have generated strong swings in the EM FX market with RUB and CEE currencies being the most sensitive to the change in narrative.
- Easing tensions have generated a recovery in RUB and CEE currencies (especially PLN); the ruble and zloty are the best performing currencies among the EM world so far this week, up 2% and 1.7%, respectively, against the greenback.
- As a reminder, PLN is the most vulnerable currency among the CEE region to the Russia-related on-going tensions given Poland relatively bigger dependence on imports from Russia.
- At the bottom, TRY remains the worst performer ahead of the CBRT meeting on Thursday (Feb 17); the central bank is expected to keep interest rates on hold at 14% despite CPI inflation surging to 49% in January.
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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