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%).
🔴European TTF gas prices fall by 7.5%
Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)
Three markets to watch next week (24.07.2026)
BREAKING: Eurozone recovery? Positive PMI data tempered by high oil and gas prices