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Analysts at Nordea note that the Turkish lira is under pressure, but emerging-market flows appear to be improving. Emerging-market bond inflows via ETFs have picked up, and Asian equity outflows have stopped.
The article links this to a flattening US yield curve and rising dollar.
Stabilizing emerging-market flows reduce pressure on currencies such as the Brazilian real and Mexican peso, which affects dollar prices for their exported farm goods. The impact on feed prices is limited for now.
exchangerates.org.ukFrançois Auré9 ago 2018Tras 92 eventos neutral de macro pasados, Real brasileño (BRL por USD) se movió una mediana de +0,4 % en 5 sesiones (58% al alza; mitad central entre -0,7 % y +1,4 %), y +0,4 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Reports lira pressure alongside a rising dollar and flattening US yield curve, which signals the contagion and dollar-strength backdrop weighing on EM currencies like the real, though it notes EM flows were improving.
