
Key points
Currency moves vs USD, 2022 vs Feb-Sep 2026 (%) | Most EM currencies sit weaker (left) in 2026 while Brazil's real is roughly flat, and Colombia and bitcoin lead gains
Image source: @robin_j_brooks

Currency moves vs USD, 2022 vs Feb-Sep 2026 (%) | Most EM currencies sit weaker (left) in 2026 while Brazil's real is roughly flat, and Colombia and bitcoin lead gains
Image source: @robin_j_brooks