Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

Gautam Jain has over 25 years of experience covering global emerging fixed income and currency markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specializes in portfolio construction, smart-beta index creation, and asset allocation. Mr. Jain holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.

FX Dashboard: Take Profit on Long Indonesian Rupiah Vs Short Singapore Dollar Recommendation

Rates 10y Dashboard: Which EM Countries to Target for 2s5s Flatteners?

Alpha Bites: Trade Ideas Performance Summary – July 2021

FX Dashboard: Does the Indian Rupee Have More Room to Run?

FX Dashboard: Which Currencies Are Most Vulnerable to Dollar Strengthening?

FX Dashboard: Which Currencies to Target in a Carry Trade Environment?

FX Dashboard: An Update on Taper Tantrum Vs Current Reflationary Scare – Part 1

FX Dashboard: Declining EM FX Volatility Foreshadows a Positive Environment

FX & Rates

<p>In this week’s Alpha Bites, we recommend buying the Indian rupee (INR) against the Korean won (KRW), using the latter as a proxy for a basket of Asian currencies. The underperformance of the rupee against its peers appears overdone as the impact on the economic recovery from the deadly second wave of the coronavirus has been less severe than feared. Moreover, there has been a broad-based rise in inflation, which should challenge the central bank’s dovish bias as well as its currency interventions.</p>

In this week’s Alpha Bites, we recommend buying the Indian rupee (INR) against the Korean won (KRW), using the latter as a proxy for a basket of Asian currencies. The underperformance of the rupee against its peers appears overdone as the impact on the economic recovery from the deadly second wave of the coronavirus has been less severe than feared. Moreover, there has been a broad-based rise in inflation, which should challenge the central bank’s dovish bias as well as its currency interventions.

Alpha Bites: Long Indian Rupee Vs Short Korean Won