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%).
Warsh changes the game, Fed catches its breath [Post-FOMC Comment]
Daily Summary: Oracle drives the market higher, dollar weakens following Fed meeting (28.10.2026)
Interrogating reality or integrated by reality: Kevin Warsh Conference Summary
🚨FED Holds rates💲