Emerging Market Crisis Series

Brazilian real declines as President comes under investigation

Nov 25, 2016 12:45 pm UTC| Commentary

When Michael Temer became the President of Brazil in August, his name was already tainted in the investigation of Petrobras scandal that led to the impeachment of his predecessor Dilma Rousseff. His name was involved and...

USD/TRY likely to rise to 3.60 by Q2 2017; CBT to hike interest rate by 50bps in early 2017, says Commerzbank

Nov 25, 2016 12:44 pm UTC| Commentary Central Banks

The Turkish lira is expected to rise to 3.60 level by the second quarter of 2017, with the central bank adopting one more 50 basis points rate hike in early 2017. The lira sold off sharply yesterday, approaching 3.45...

U.S. 10-year bond yields hit highest since July last year as sell-off resumes

Nov 25, 2016 12:37 pm UTC| Commentary

The U.S. Treasuries were pushed lower across the curve Friday as heavy sell-off continued. The yield on the benchmark 10-year Treasury note rose 3 basis points to 2.40 percent and the yield on short-term 2-year note jumped...

GBP/USD likely to be vulnerable to significant bouts of volatility over coming year, says Lloyds Bank

Nov 25, 2016 12:36 pm UTC| Commentary

In the past month, the British pounds strong performance saw the GBP/USD currency pair rebound back up to pre flash crash levels, with the rally briefly extending above 1.26, noted Lloyds Bank in a research report. The...

FxWirePro: Pound might recover 1000 pips on Supreme Court and Jill Stein

Nov 25, 2016 12:32 pm UTC| Commentary

The pound has been the top performer despite a surge in the value of the dollar since Donald Trumps victory. Since the election, the euro is down almost 4 percent, the franc is down by 3.5 percent, and the worst performer...

Headwinds remain high in the Malaysian debt market; MYR remains Asia’s worst performer

Nov 25, 2016 12:29 pm UTC| Commentary Economy

The Malaysian debt market remains highly susceptible to the ongoing global headwinds with bond yields having increased by more than the rise in UST yields and the MYR being the worst performer in Asia (-6.1 percent against...

EUR/HUF likely to trade at around 306 by mid-2017, says Lloyds Bank

Nov 25, 2016 12:02 pm UTC| Commentary

In the past month, Moodys was the third rating agency to upgrade Hungarys sovereign rating in 2016. The countrys sovereign rating was pushed back up to investment grade. This move came after similar actions taken by...