nentIlli7 boos. •4 AE — EMEA St 1. EM FX unilinithad . .1•11/1111 rt • 1 .12 01 02 03 04 06 06 07 08 00 10 11 12 13 14 15 16 17 Sarno Ontath• an Nor. EA✓I f X sonviilb. 4••• • inward •••••••••••••• • no In addition, USD strength and hedging demand feeil unlikely to disrupt EM FX revaluati