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...
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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,...
220 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...
224 Views
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...
318 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...
217 Views