Sales And Trading Emerging Markets FX Daily Report

J.P. Morgan's EM FX daily update notes a general strengthening of EM currencies like the HUF and ILS, driven by optimism over a potential US-Iran deal and local technical factors.

Key Takeaways

• 1.Optimism regarding a potential US-Iran deal is significantly driving EM FX sentiment, particularly for PLN and HUF.
• 2.The SARB delivered a 25bps rate hike as expected, though the tone was less hawkish than anticipated and the decision was split.
• 3.The Israeli Shekel is experiencing a rapid ascent to new lows (2.81) fueled by peace deal talks and potential MSCI rebalancing.

Table of Contents

• Country Specific Disclosures

Document Preview

Page 1 of 3

Subscribe for full accessStart Free Trial