For individuals: Internet bank
Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

EM FX slides further

Deterioration of global risk sentiment put more pressure on the EM FX spectrum yesterday. Thus, the S&P500 lost 2.3%, while the yield on the 10-year UST dropped 7bp to 2.58% on the back of safety bids spurred by the discouraging ISM report coupled with China’s slightly lower PMI services index. In the light of this, EM FX weakened 1.1% against USD, with ZAR, TRY, MXN and BRL down 1.2-1.4%. Therefore, RUB’s performance was not that bad – especially given that the sell-off happened late in the evening, when the CBR had already left the market. At the end of the day, RUB lost 0.84% to USD (35.45) and 0.9% to the BASKET (41.07).
Maxim Korovin, Anton Nikitin
VTB Capital analyst

FX market

Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....