Mixed outlook in the EEMEA space – BAML

FXStreet (Edinburgh) – According to analysts at BAML, the stance in the EEMEA space remains mixed for the time being.

Key Quotes

“In EEMEA, we remain bearish on ILS despite our Compass FX model suggesting room for long-run appreciation”.

“Bank of Israel will likely continue easing and move the policy rate into negative territory, which should negatively affect the shekel”.

“We are also bearish on TRY given the political uncertainty and think there is a good opportunity to take short positions after the recent consolidation”.

“We recommend short TRY against the basket. HUF is one of the currencies we are most bullish on in EM, although we prefer to position in relative-value trades against RON and PLN”.

According to analysts at BAML, the stance in the EEMEA space remains mixed for the time being…

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