Some EM currencies are performing very well against the USD. This is the case, for example, with the South African ZAR, and even more so with South American currencies such as the Mexican peso (MXN) and the Brazilian real (BRL). The peso has returned to levels very close to those seen in 2023 and early […]
Emerging market currencies have experienced a particularly strong two-month period, appreciating significantly against the U.S. dollar. Since 5 November—marking the recent relative peak of the greenback against several major currencies—the euro has strengthened by 3.84% versus the USD. However, higher-beta currencies such as the South African rand (ZAR) and the Mexican peso (MXN) have outperformed […]
