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Thought January 11, 2021 / 12:00 pm UTC

EMEA Currencies Suffer from Dollar Reversal

By Francesca Beausang
EMEA currencies have continued to weaken against the dollar since the end of last week. The move is due to a combination of higher U.S. yields and higher oil prices. Yet long-term, we do not expect a substantial rise in EMEA inflation, limiting the potential for real rates t