The National Bank of Poland (NBP) hiked its policy rate by 75bps to 1.25% at yesterday’s meeting. Although some tightening was expected, the...

The recent escalation of the conflict between Poland and the European Union has significantly increased the odds of a decisive response from the...

In our recent extended panel assessment on EM FX, we found most currencies have yet to recover ‘fair value’ after the March 2020 overshooting...

Asian currencies have broadly struggled in recent months due to the strengthening of the US dollar on the back of favorable growth and rate...

The IDR and INR were the only Asian currencies that depreciated against the USD in 2020. Last year we highlighted the twin deficit risks that were...