Not All Winners Are Equal: 2021 EM FX Outliers and Implications for 2022
I explore the 2021 winners and losers among EM currencies, leading into the discussion on which of these performances were appropriate and which...
294 Views
Portfolio Watch: October reflation or October disinflation?
The USD has regained ground alongside USD rates since the 50bp from the Fed in September, which reignited both growth- and inflation expectations...
161 Views
Steno Signals #97 – 5 reasons why the CNY will be devalued next week and how to trade it
Happy Sunday from a sunny Copenhagen. I spent last week in Asia and even though I admittedly like to see my research as edgy and contrarian, I...
1k Views
Which EM Currency Has Suffered the Most Since Russia’s Invasion of Ukraine?
Adding to the economic woes from Russia's aggression, the Hungarian forint has suffered as the central bank has signaled less aggressive monetary...
307 Views
Is the Environment Supportive of EM FX Relative-Value Trades?
The rise in the volatility of EM currencies should in theory be supportive of relative-value trades, but of late, the dispersion between them is...
313 Views