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FX Talk - an Ebury podcast

The euro goes up, the dollar goes down, and China devalues the yuan. But what's behind these currency fluctuations? This forex podcast is all about the global currency market. Our three financial market analysts, who are also top Bloomberg forecasters, discuss macro-economic news and its effect on the global financial market - providing you with insights to make informed decisions. *The information contained in this podcast does not constitute a recommendation from any Ebury entity to the recipient.

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FX Talk - an Ebury podcast

S3E5: The comeback kids of 2022: Emerging market currencies

January 19, 2022 • Ebury FX Talk • Season 3 • Episode 5

So far in 2022, we have seen a broad rebound in most of these EM currencies, many in excess of 3% in less than 3 weeks - including the Brazilian real, South African rand and Hungarian forint. Now, while part of this recovery has to do with the broad weakness we’ve seen in the US dollar, we’ve also seen a general rebound in risk appetite, which has helped support these higher risk currencies.

The US dollar has depreciated against most of its peers so far this year. The dollar is currently trading as the worst performer in the G10 year-to-date, followed closely by the Australian and New Zealand dollars.

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