Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

In this note, we identify the currencies that have outperformed and underperformed as EM currencies have overall appreciated with the dollar depreciating since the end of March. We also place our outstanding trade recommendations in the context of the relative performances of EM currencies.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

In this note, we identify the currencies that have outperformed and underperformed as EM currencies have overall appreciated with the dollar depreciating since the end of March. We also place our outstanding trade recommendations in the context of the relative performances of EM currencies.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

FX Dashboard: Updating the Winners and Losers in the EM Turnaround

The Mexican peso rallied following the midterm election on Sunday, while the Peruvian sol sold off following the presidential runoff. While the elections reaffirmed our bullish view for the Mexican peso, despite our constructive view on the Peruvian sol we stay on the sidelines given the recount-related uncertainty ahead.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

The Mexican peso rallied following the midterm election on Sunday, while the Peruvian sol sold off following the presidential runoff. While the elections reaffirmed our bullish view for the Mexican peso, despite our constructive view on the Peruvian sol we stay on the sidelines given the recount-related uncertainty ahead.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

FX Dashboard: Opposite Reactions of Mexican Peso and Peruvian Sol to Sunday’s Elections

In our monthly trade ideas recap note, we list the current trade recommendations that we make on a weekly basis and discuss whether any need to be closed. We have made a total of 15 trade recommendations so far, of which 11 are in the money.

In our monthly trade ideas recap note, we list the current trade recommendations that we make on a weekly basis and discuss whether any need to be closed. We have made a total of 15 trade recommendations so far, of which 11 are in the money.

Alpha Bites: Monthly Trade Ideas Recap – Jun 2021

In this note, we discuss the currencies that can perform well even if, following the sharp depreciation over the past two months, the US dollar becomes rangebound, taking away the impetus for EM currencies to appreciate on aggregate.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

In this note, we discuss the currencies that can perform well even if, following the sharp depreciation over the past two months, the US dollar becomes rangebound, taking away the impetus for EM currencies to appreciate on aggregate.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

FX Dashboard: EM Currencies to Target in the Late Recovery Phase

Despite its recent underperformance, we reiterate our bullish view on the Mexican peso (MXN) as the country's growth outlook gets revised higher and the central bank will likely start tightening monetary policy this year. In our view, the concerns regarding the upcoming change at the helm of the central bank are overstated.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

Despite its recent underperformance, we reiterate our bullish view on the Mexican peso (MXN) as the country's growth outlook gets revised higher and the central bank will likely start tightening monetary policy this year. In our view, the concerns regarding the upcoming change at the helm of the central bank are overstated.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

FX Dashboard: Stay Bullish on Mexican Peso

Canada

The Canadian dollar is the official currency of Canada. 

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CAD (USDCAD CURNCY)

FX Dashboard: Updating the Winners and Losers in the EM Turnaround

We identify the currencies that have outperformed and underperformed with the dollar depreciating since the end of March and place our outstanding...

Gautam Jain, PhD, CFA

FX Dashboard: Opposite Reactions of Mexican Peso and Peruvian Sol to Sunday’s Elections

The Sunday elections in Mexico reaffirmed our bullish view for the peso, but in the case of Peru, despite our constructive view on the sol we stay...

Gautam Jain, PhD, CFA

Alpha Bites: Monthly Trade Ideas Recap – Jun 2021

In our monthly trade ideas recap note, we list our current recommendations and discuss whether any need to be closed. We have made a total of 15...

Gautam Jain, PhD, CFA

FX Dashboard: EM Currencies to Target in the Late Recovery Phase

In this note, we discuss the currencies that can perform well even if the US dollar becomes rangebound going forward, taking away the impetus for...

Gautam Jain, PhD, CFA

FX Dashboard: Stay Bullish on Mexican Peso

We reiterate our bullish view on the Mexican peso (MXN) as the country's growth outlook gets revised higher and the central bank will likely start...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)