Em Fx Daily Report

This report provides a daily update on Emerging Market currencies, focusing on the impact of geopolitical developments regarding US-Iran relations on FX volatility. It maintains a constructive view on high-carry currencies like the South African Rand and Turkish Lira.

Key Takeaways

• 1.High-carry EM FX is expected to perform over the medium term, particularly the South African Rand in a de-escalation scenario.
• 2.The Central Bank of Turkey (CBT) maintains a buffer to contain volatility, with the bank's priority focused on preventing disorderly FX moves.

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