1. Hello Guest Click here to check FX Binary Point Financial Directory

Pressure on EM currencies remained moderate in January – Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Research Team at Nomura, suggests that combining reserve dynamics with EM FX price action, our Global EM FX Pressure Index (excluding China and OPEC countries) remained relatively stable for the month of January, indicating neutral-to-moderate pressure on local FX (higher index reading indicates lower pressure).

    Key Quotes

    “Increased pressure was most notable in Turkey, India and Indonesia, whereas countries with relatively high pressures last month (South Africa and Russia) saw a relative easing in pressure in January.

    In the LatAm space, pressure broadly increased across the board, with Mexico leading (pressure of -3.27% for the month of January), with the outlier being Brazil, where pressure eased considerably last month.”
    For more information, read our latest forex news.

Share This Page