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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 Fed 'hawkish' tone in the last meeting (June 15/16) has generated strong support for the USD against most of the EM currencies in the past two weeks.
- ZAR has been the worst performer, down 3.7% after strong momentum in April and May.
- THB, COP and CZK have also been under pressure, down 2.8%, 2.75% and 2.25%, respectively, against the USD.
- Interestingly, MXN, BRL and CLP have been appreciating against the greenback, up 0.75%, 0.71% and 0.27%, respectively.
- Overall, the current environment could continue to weigh on EM equities if USD strength persists against the major EM currencies.
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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