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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
- PEN and HUF have been strongly supported since the start of the week, up 1.2% and 0.9% respectively, against the US Dollar.
- CEE currencies have been consolidated higher in the past week, with HUF being a strong winner so far this week as market keeps digesting last week’s hike in the 1W depo rate (20bps hike to 4%).
- PLN is down slightly this week (-0.3% vs. USD) as NBP decided to go for a 50bps hike today, which was largely priced in by the market.
- At the bottom, political uncertainty, rising inflation and ‘dovish’ CBRT keep weighing on the TRY (down 2% against the USD).
- BRL is the second weakest performer, down 1.8% against the Dollar.
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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