CEEMEA currencies continue to demonstrate an impressive resilience - Rabobank

Analysts at Rabobank suggest that excluding the severely battered Turkish lira all other CEEMEA currencies continue to demonstrate an impressive resilience to the sell-off in global stocks.

Key Quotes

“We remain of the view that the selling pressure on the CEEMEAs is set to increase given that the Goldilocks scenario of synchronised global recovery is under serious threat from Trump’s protectionist policies.”

“We prefer to be positioned for a squeeze higher in USD/CEEMEAs and EUR/CEEMEAs over the short-term horizon.”