FXStreet (Guatemala) – Analysts at Brown Brothers Harriman noted the key events in a snapshot taking place in emerging markets.
Key Quotes:
“The Brazilian congress passed a new measure that will hurt the fiscal outlook.”
“Brazil central bank kept the inflation target for 2017 the same at 4.5%, but narrowed the tolerance band to +/ 1.5 percentage points.”
“Israel central bank has gotten less dovish.”
“Nigeria central bank banned importers from accessing the FX market for some goods.”
“US Treasury Secretary Lew said that China committed to limit FX intervention only to times of “disorderly market conditions.””
“China’s cabinet is moving to scrap a rule that limits lending by commercial banks to 75% of their deposits.”
(Market News Provided by FXstreet)