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 Profits on Long Mexican Peso Vs Short Canadian Dollar

FX Dashboard: Stay Bullish on Mexican Peso

FX Dashboard: Is Monetary Policy Driving FX Returns?

Rates 10y Dashboard: Mexico’s Curve Flattens Following the Rate Hike Surprise

Rates 10y Dashboard: Interest Rates in Poland Diverge from Neighbors

FX Dashboard: How Much Further Can the Brazilian Real Run?

FX & Rates

<p>The Mexican peso has outperformed the broad EM currency complex and we expect it to continue to do so as more rate hikes are on the way due to persistently high inflation and the macroeconomic backdrop remains supportive. We reiterate our trade recommendation to go Long Mexican peso against Short Canadian dollar.</p><p>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.</p>

The Mexican peso has outperformed the broad EM currency complex and we expect it to continue to do so as more rate hikes are on the way due to persistently high inflation and the macroeconomic backdrop remains supportive. We reiterate our trade recommendation to go Long Mexican peso against Short Canadian dollar.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: Mexican Peso Should Continue Outperforming

MXN

FX Dashboard: Mexican Peso Should Continue Outperforming