Revisiting the US Dollar View and Its Implications for EM Currencies
As the US dollar approaches its highest level in a decade, I reiterate my view of the dollar remaining strong in the near term. As the year...
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Chilean Peso Is a Buy if One Can Stomach the Volatility
The Chilean peso should outperform in the coming months, albeit with high volatility, due to its high carry, cheap valuations, and eventually,...
234 Views
South African Rand’s Outperformance Is Overdone
I see headwinds for the South African rand: the carry is not attractive in real terms or relative to volatility, the current account is set to...
305 Views
Latin American Currencies on Top
The US dollar has strengthened this year in line with my expectation, but the surprise has been that EM currencies have performed well, led by...
266 Views
Market Snapshot, Theatre of War
Amidst carnage in financial markets, some assets - inc US Treasury yields, some Asian and high-yielding EM currencies, AUD & NZD and even S&P 500 -...
262 Views