Emerging market currencies like South African rand (ZAR), Turkish lira (TRY) or Polish zloty (PLN) had very turbulent summer as deteriorating global outlook and tensions around China drew capital outflows. However, hopes that Hong Kong protests may cease and US data suggesting that manufacturing is being hurt by the strong dollar leads to a strong recovery today. USDZAR is plunging by 1.4%, followed by USDTRY, USDMXN (both -0.8%) and USDHUF (-0.7%).
Three Markets to Watch Next Week (12.12.2025)
Daily summary: SILVER at a new ATH, EURUSD at its highest since October
Turkey has decided to lower the weekly repo rate to 38%
Chart of the day: AUDUSD (11.12.2025)