There really is not much to report, relatively quiet weak all emerging market currencies are showing signs of weakness, TRY and ZAR seem to be in a tight spot as local politics and fundamentals squeeze investors out. East Europe is squeezed by Brexit and European Credit, Latam has fared relatively well recently but only because political turmoil triggered losses early. USD Index seems to have settled in a range trade after the recent commodity sell off. For now, ranges are intact but the market is getting squeezed into selling risk in commodities and emerging markets. China has let CNY lose some value which puts considerable pressure on Asian EMFX. At this point low global rates do not seem to be helping emerging markets out much.
