There is a strong fear of a depegging of the riyal, and these fears have increased with the decline of oil prices, the market is pricing in a depreciation of about 3 to 4 percent. Guillaume Tresca More Quotes by Guillaume Tresca More Quotes From Guillaume Tresca The latest batch of data from Europe was quite good, especially from Germany, so it's not really a surprise to see some acceleration of growth in Poland, Hungary and the Czech Republic, finally, maybe EM growth is slightly improving. Guillaume Tresca company-news There could be some repricing but less than before. We don't expect a big sell off, we expect some slight, gradual depreciation, in addition, oil prices are still quite high at around $50 a dollar - it's not like in January or February when the pressure on EM was really strong. Guillaume Tresca company-news It is still very fragile, i remain very cautious regarding this rally as there is no fundamental reason behind it. Guillaume Tresca company-news The pressure on emerging markets is still pretty strong. Guillaume Tresca company-news
