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TRY and ZAR remains negative – TDS

FXStreet (Edinburgh) - According to strategists at TD Securities, the outlook on TRY and ZAR remains tilted to the bearish side.

Key Quotes

TRY and ZAR remain the most vulnerable currencies in EMEA to general negative EM sentiment”.

“CEE currencies should strengthen against EUR on possible further ECB easing; we like short EURHUF, and also as a long-term trade short PLNHUF on Hungary rating upgrades next year”.

“RUB likely to continue to be driven by oil price moves, although political developments are a major risk factor”.

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