FX Dashboard: Avoid the Lira as Turkey Remains Mired in a Crisis
We recommend staying away from the lira despite the high carry and attractive valuations as it is being weighed down by the risk of the central...
292 Views
FX Dashboard: EM FX Is Fair in REER Terms but Differentiation Abounds
We show that USD and EM FX on aggregate are close to fair valuations in REER terms. However, there is considerable differentiation within EM,...
208 Views
FX Dashboard: Winners and Losers in the EM Turnaround
We go over the currencies that have outperformed and underperformed in the recent bout of the rally for EM currencies along with the reasoning...
211 Views
FX Dashboard: Chilean Peso Outperforms Against EM but Lags Copper
We go over the drivers behind the outperformance of the Chilean peso versus other EM currencies and argue that the currency can continue to...
200 Views
FX Dashboard: Divergence Between Commodities and EM Currencies Grows
In this note, we highlight the widening performance gap between commodities and EM currencies along with going over the reasons behind it and the...
337 Views