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: LatAm FX Outperformance Versus Asia Did Not Last

FX Dashboard: High Volatility Relative to Carry Weighing on LatAm Currencies

FX Dashboard: Leaders and Laggards in EM FX as US Yields Retreat from the Peak

FX Dashboard: EM FX Volatility Rises from the Lows

Worsening Risk Parameters for Asia-Pacific Region

FX & Rates

<p>In this note, we look at the strong negative correlation between EM currencies and the dollar, and its implication for trading opportunities within EM.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where 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.</p>

In this note, we look at the strong negative correlation between EM currencies and the dollar, and its implication for trading opportunities within EM.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where 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: EM Currencies on Aggregate Have Mirrored the Dollar This Year

Dollar Index

FX Dashboard: EM Currencies on Aggregate Have Mirrored the Dollar This Year