The SEK Week - Bias is Bullish
It looks to be an interesting week for the Krona as the much-awaited Riksbank decision emerges Thursday. Invges and Ohlsson will give a speech after the decision, while data-wise, household lending, retail sales and PPI are all due Friday.
Mexico And Brazil a Drag on LatAm Growth, But Brazil a Brighter Prospect
Since the end of July. Latin American currencies have underperformed their EM peers versus the USD, as reflected in the Bloomberg JPM Latin America Currency Index, which has slumped circa 8.50% since around mid-July, compared with a drop of 2.5% in the broader MSCI EM Currency Index.
Covered Snapshot: Weekly Wrap, Charts & Stats
There was an uptick in last week's Euro-denominated Covered supply to EUR2.05bn (w/e 18 October) from EUR2bn the prior week. Year-to-date issuance now stands at EUR124.4bn versus EUR125.775bn sold during the same period in 2018.
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