This daily report provides tactical updates on various Emerging Market (EM) currencies, noting a challenging environment driven by US naval blockades and hawkish Fed policy.
Key Takeaways
- 1.EM FX is facing a challenging environment due to hawkish Fed expectations and geopolitical tensions, specifically a US naval blockade of Iran.
- 2.The author remains long TRY, expecting the current FX policy framework to remain intact.
Table of Contents
- RUB
- ZAR
- TRY
- PLN
- HUF
- CZK
- RON
- ILS
- KZT
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Authors
Laoise Ni Thighearnaigh
Securities
USDRUBEUR/PLN
Themes
Central Bank PolicyGeopolitical Risk
Regions
EuropeRussiaSouth AfricaTurkey