If your institution is an active participant in the FX market but has not endorsed the Global Code yet, I would like to encourage you to review your FX market operation practices and align them with the principles of the Global Code so that you too are able to publish a Statement of Commitment. 5 See https://www.globalfxc.org/  for more detail.
Page 7 of 8  In conclusion, the road ahead for EMs remains fraught with risks despite the recent stabilisation in market sentiment. The prospects of further US monetary policy normalisation, financial market volatility and less certain global trade environment coupled with weak economic fundamentals suggest that the EM currencies will remain volatile. This will require vigilance and prudent decisions by policy makers.