EM FX was mostly firmer on Friday, but capped off a week of broad-based losses. US rates gave back some of post-FOMC rise, and that weighed on the dollar. Not much in the way of US data until Friday’s core PCE reading and Chicago PMI.
Stock Markets Emerging Markets, September 20 Source: economist.com – Click to enlarge
Singapore reports August CPI Monday, which is expected to remain steady at 0.6% y/y. It then reports August IP Tuesday, which is expected to rise 14.3% y/y vs. 21% in July. MAS holds its semiannual policy meeting in October. No change in policy is seen. In addition, we think it’s unlikely that the statement language is adjusted to signal possible tightening at the April