Analysts at Brown Brothers Harriman explained that within EM, divergences continue. Key Quotes: "Indonesia’s central bank is expected to cut, Colombia’s is expected to hike, and Korea’s is expected to stand pat. Singapore, Thailand, and Taiwan are expected to ease in the coming months. Elsewhere, Brazil’s inflation data is expected to worsen, as is South Africa’s. The former is resisting more rate hikes, while the latter is likely to continue tightening." For more information, read our latest forex news.