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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
- CLP was the best performing currency this week amid strong copper exports; the peso is up 2.8% against the US Dollar since the start of the week.
- CEE currencies have also been consolidating higher following the strong depreciation in Q4 2021; HUF is the best performing currency of the region, up 2.5% against the USD and 2.8% against the Euro.
- Risk-on ZAR has also been trending higher despite the little rise in price volatility (VIX trading at around 20); the rand is up 2.1% against the greenback.
- On the other hand, political uncertainty has been weighing on the TRY; the lira is down 3.7% against the dollar since Monday.
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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