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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
- The strong rebound in oil prices this week has been supporting oil-sensitive currencies – COP, MXN and RUB.
- COP is the best performing currency among the EM market, up 1.7% against the US Dollar.
- BRL is the second best performing currency, supported by the BCB 150bps hike yesterday, raising the benchmark rate to 9.25%. The central bank signaled another such hike at the next meeting in February.
- The BRL is up 1.40% against the USD this week.
- On the other hand, CEE currencies and TRY continue to remain vulnerable.
- TRY and HUF are the worst performing currencies, down 0.55% against the US Dollar so far this week.
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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