Market Comment | Oil prices are not enough to avoid a new EM fx depreciation

Summary

  Positve mood in developed markets: US assets continued their positive trend, while political noise calmed, so far.  Meanwhile some EMs remained under pressure despite the sharp rebound in oil prices, at their highest since 2014.  The consolidation of the 3% threshold in 10Y US yields and the slight appreciation of the USD weighed. The […]

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