Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
EMERGING MARKETS: Turkey flies for second session as tensions abate
-Despite proving resilient to the recent uptick in geopolitical tensions, the
relief evident in global asset markets over the past two days has provided a
decent tailwind for the TRY, which rallied again Thursday. USD/TRY now looks to
show below the 5.85 mark for the first time since mid-December and stage a test
of the 50-dma at 5.8223. Domestic equities were up as much as 5% as capital flow
flooded back into the country, extending the TRY's world-beating currency gains
for 2020. Attention turns to next week's Turkish central bank decision, where
the bank are seen trimming rates further.
-ZAR sits at the bottom end of the EMFX pile as markets trim Thursday's
outperformance. The moves still sit well within the week's range, but offshore
selling was seen as responsible for the uptick in USD/ZAR. 50-dma provides
decent resistance at 14.5330.
-Thai consumer confidence numbers, Mexican and Indian industrial production and
Russian CPI take focus Friday.