This daily EM FX update provides trade commentary on RUB, ZAR, TRY, PLN, HUF, CZK, RON, ILS, and KZT. The analyst maintains a positive view on TRY and HUF while observing broad USD strength.
Key Takeaways
- 1.Remain long TRY due to seasonal current-account dynamics and contained retail dollarisation.
- 2.Prefer HUF over PLN in the CE3 region based on monetary policy reaction functions.
Table of Contents
- RUB
- ZAR
- TRY
- PLN
- HUF
- CZK
- RON
- ILS
- KZT
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Authors
Laoise Ni Thighearnaigh
Securities
USDZAR
Themes
Retail dollarisationMonetary policy reaction functionsGlobal growth narrative
Regions
OtherRussiaSouth AfricaTurkey