FX Dashboard: Are EM Currencies in a Carry-Trade Environment?
As the volatilities of the US dollar and EM currencies have dropped, we test the hypothesis and conclude that EM FX is in a carry-trade...
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Vaccination and Currency Immunity
Vaccination rates matter but for some Asia-Pacific countries, economies and currencies they are not proving to be a panacea.
245 Views
FX Dashboard: Is Monetary Policy Still Driving FX Returns?
We modify our thesis from early July when we argued that monetary policy was the primary driver of the differentiation within EM currencies to say...
136 Views
Low Global FX Vol: Maturity or Complacency?
Global FX vol is low by historical standards and relative to vol in US Treasuries, and for good resason. But FX markets are pricing in very little...
198 Views
The Week That Was in ASEAN@Smartkarma - Bank Rakyat Indonesia, Thai Financials, and Bukalapak IPO
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
154 Views