Forex - Emerging Europe Closing Summary and Highlights 20 June


 15:11 (GMT) 20 Jun

  [Forex Highlights]

Sample Premium Content
Emerging Europe Closing Summary and Highlights 20 June (0101-MFXF-C01)

POLAND

Most Polish government bond yields rose by up to 5bps on Thursday but the zloty appreciated in the aftermath of the Fed's dovish message, outperforming its CEE-3 peers with the EUR/PLN briefly falling to 4.2521.

RUSSIA

While most Russian government bond yields decreased by 7-12bps on Thursday, the ruble extended its gains, outperforming other EMEA currencies with the USD/RUB temporarily falling to 62.938 after it broke below the 63.65, 63.38, 63.274, 63.08 and 63.00 support levels. The currency remained driven by higher oil prices after a U.S. military drone was downed by an Iranian missile as well as the broadly softer U.S. dollar.

SOUTH AFRICA

South African assets benefitted from the Fed's dovish statement on Thursday, with the USD/ZAR briefly falling to 14.1983 and government bond yields decreasing by 4-12bps across the curve.

TURKEY

Turkish assets gained on Thursday, with the USD/TRY temporarily falling to 5.7285 and government bond yields dropping by 75-167bps across the curve. Assets were driven by the U.S. dollar's broad-based depreciation as well as data showing that the consumer confidence index improved to 57.6 in June from a record low of 55.3 in May.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now