Strong USD puts pressure on EM central banks – Rabobank

The CEEMEA currencies continue to struggle against the US dollar supported by rising yields on US Treasuries amid positive outlook for the US economy as reflected in the latest set of data, including retail sales, according to analysts at Rabobank.

Key Quotes

“With the US 10-year trading as high as 3.12%, appetite for risky assets remains restrained as investors continue to ponder how long the US dollar may stay strong.”

“Recent weakness in EM currencies against the US dollar is having implications for monetary policy across various emerging economies.”

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