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GLOBAL CURRENCY MARKETS MONITOR    

February 25, 2021

  By Andres Talero  

WRITING SAMPLE - NOT CURRENT 

The US Dollar stabilizes

The USD (DXY Index) has stabilized against large currencies in recent weeks.

 

The index has lost 9% of its value in the last 12 months.

The Euro (FXE-ETF) has lost momentum and the Japanese Yen  (FXY ETF) has recently depreciated. 

 

Both currencies gained against the USD last year.

 

The British Pound (GBP) has continued to recover. It is up 7% against the US dollar in the last 12 months after loosing 11% of its value during the early stages of the pandemic.

Emerging Markets currencies are mixed this year

Emerging markets currencies price action has been  mixed this year.

The Turkish Lira (TRY) and the South African Rand have appreciated during the last few months.

The Brazilian Real (BRL) has recently stabilized but has lost 20% of its value against the dollar in the last year, and unlike most of its peers has not recovered much from its lows at the beginning of the pandemic.

The Turkish Lira (TRY) and the Brazilian Real (BRL) each lost more than 20% of their values in 2020.

The Mexican Peso (MXN) has retreated this month after breaking 20 pesos per USD. It is down 3% this year.

DISCLOSURE OF RELATED SECURITIES HOLDINGS: MXN Currency

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