Free Trial
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
- ZAR has had a strong start this week despite the elevated risk-aversion (VIX trading at 30); the rand is up 1.2% against the US Dollar.
- The little rebound in oil prices has also been positive for oil-sensitive currencies COP and MXN, up 0.7% and 0.3%, respectively, against the dollar.
- CLP, HUF and BRL are standing at the bottom of the table, down 0.8%, 0.6% and 0.6% against the greenback today.
- EM currencies could remain under pressure in the near term as the uncertainty over the economic outlook remains elevated; rising uncertainty usually favours ‘safe’ assets such as the USD.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok