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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.
US
- The sharp liquidity injections following the Covid19 shock in March 2020 generated a strong support for risky assets and EM currencies relative to the US Dollar until the beginning of the second quarter of this year.
- However, growing concerns over the Delta variant have increased demand for 'safe' assets such as the US Dollar in recent weeks.
- This chart shows the strong divergence between DM and EM countries regarding the vaccination campaign.
- As the percentage of population having received at least one dose of the Covid vaccine is much lower in the EM economies, the probability of a renewed period of lockdowns imposed by governments to fight the pandemic has been constantly rising.
- Hence, the divergence in growth expectations between EM and DM could weigh on EM currencies against major crosses (USD, EUR, JPY) in the coming months.
Source: ourworldindata/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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