EM TODAY
As risky assets start to stabilise, we thik the USD’s structural headwids will start todomiate oce agai.
I CEEMEA, this week’s key risk evet will be i South Africa where the Miistry ofFiace will preset the atioal budget o Wedesday (21 February). We expect amodest retur to fiscal cosolidatio targets.
The data caledar i Asia this week is relatively light ad o major moetary policycommittee meetigs are scheduled.
I Latam, the focus will be o CPI iflatio figures prited i Mexico ad Brazil oThursday ad Friday.