Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

In this note, we show that EM FX and USD have converged to their long-term trends in REER terms, indicating that they are close to fair valuations. However, there is considerable differentiation within EM, providing attractive relative-value opportunities.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 show that EM FX and USD have converged to their long-term trends in REER terms, indicating that they are close to fair valuations. However, there is considerable differentiation within EM, providing attractive relative-value opportunities.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 FX Is Fair in REER Terms but Differentiation Abounds

In this note, we go over the currencies that have outperformed and underperformed in the recent bout of the rally for EM currencies along with the reasoning behind their performances and their outlooks.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 go over the currencies that have outperformed and underperformed in the recent bout of the rally for EM currencies along with the reasoning behind their performances and their outlooks.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: Winners and Losers in the EM Turnaround

In this note, we argue that as volatility spills over from rising US yields, it may be better to hedge a broad EM currency exposure with the euro rather than reducing it.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 argue that as volatility spills over from rising US yields, it may be better to hedge a broad EM currency exposure with the euro rather than reducing it.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: Hedge EM Currencies with Euro as Volatility Rises

In this note, we go over the drivers behind the outperformance of the Chilean peso versus other EM currencies and argue that the currency can continue to outperform on the back of rising copper prices.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 go over the drivers behind the outperformance of the Chilean peso versus other EM currencies and argue that the currency can continue to outperform on the back of rising copper prices.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: Chilean Peso Outperforms Against EM but Lags Copper

In this note, we highlight the widening performance gap between commodities and EM currencies along with going over the reasons behind it and the timing when it can start reversing.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 the broad market.

In this note, we highlight the widening performance gap between commodities and EM currencies along with going over the reasons behind it and the timing when it can start reversing.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 the broad market.

FX Dashboard: Divergence Between Commodities and EM Currencies Grows

Thailand

The Thai baht is the official currency of Thailand. 

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THB (USDTHB CURNCY)

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,...

Gautam Jain, PhD, CFA

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...

Gautam Jain, PhD, CFA

FX Dashboard: Hedge EM Currencies with Euro as Volatility Rises

In this note, we argue that as volatility spills over from rising US yields, it may be better to hedge a broad EM currency exposure with the euro...

Gautam Jain, PhD, CFA

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...

Gautam Jain, PhD, CFA

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...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)