Turkish leads EM currencies lower on Monday

Strong sentiment usually favours emerging market currencies but that is not the case this Monday. While rumours of fiscal expansion in Germany and US license extension to Huawei led indices higher, EM currencies are clearly declining against the US dollar. The Turkish lira is down 1.2%, followed by Brazilian real (0.9%) and Mexican peso (0.8%). As a result USDTRY is at the highest level since 29 July, 4% up from its low from 8 August.

Daily summary: Mixed moods on stock markets, the dollar remains strong
3 markets to watch next week
Coronavirus: market update
BREAKING: U.S. durable goods orders below expectations
Crypto newsletter: Downward momentum hits pause
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.