Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

The Peruvian sol has depreciated to its historically weakest level ahead of the presidential runoff election this weekend. We find the currency to be attractive from the point of view of valuations, macroeconomic fundamentals, and a fragmented Congress preventing radical policymaking. However, given the binary risks, we suggest waiting until after the election for a better entry point.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.

The Peruvian sol has depreciated to its historically weakest level ahead of the presidential runoff election this weekend. We find the currency to be attractive from the point of view of valuations, macroeconomic fundamentals, and a fragmented Congress preventing radical policymaking. However, given the binary risks, we suggest waiting until after the election for a better entry point.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: Timing the Entry for Peruvian Sol

In this note, we discuss the currencies that can perform well even if, following the sharp depreciation over the past two months, the US dollar becomes rangebound, taking away the impetus for EM currencies to appreciate on aggregate.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 discuss the currencies that can perform well even if, following the sharp depreciation over the past two months, the US dollar becomes rangebound, taking away the impetus for EM currencies to appreciate on aggregate.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 Currencies to Target in the Late Recovery Phase

Despite its recent underperformance, we reiterate our bullish view on the Mexican peso (MXN) as the country's growth outlook gets revised higher and the central bank will likely start tightening monetary policy this year. In our view, the concerns regarding the upcoming change at the helm of the central bank are overstated.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.

Despite its recent underperformance, we reiterate our bullish view on the Mexican peso (MXN) as the country's growth outlook gets revised higher and the central bank will likely start tightening monetary policy this year. In our view, the concerns regarding the upcoming change at the helm of the central bank are overstated.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: Stay Bullish on Mexican Peso

The US dollar has weakened since the end of March, leaving it flat from the start of the year. If the dollar moves sideways for the time being, as we expect, then it should lead to a carry trade environment. We identify the best EM currencies for such an environment.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.

The US dollar has weakened since the end of March, leaving it flat from the start of the year. If the dollar moves sideways for the time being, as we expect, then it should lead to a carry trade environment. We identify the best EM currencies for such an environment.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: Which Currencies to Target in a Carry Trade Environment?

Following the recent rally in the Indian rupee, we assess that there is more upside in the currency but suggest targeting a better entry point as uncertainties remain.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.

Following the recent rally in the Indian rupee, we assess that there is more upside in the currency but suggest targeting a better entry point as uncertainties remain.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: Does the Indian Rupee Have More Room to Run?

Peru

The peruvian sol spot is the official currency of the republic of peru. the US dollar is the official currency of the united states of america

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FX Dashboard: Timing the Entry for Peruvian Sol

With the Peruvian sol depreciating to its historically weakest level ahead of the presidential runoff election this weekend, we suggest waiting...

Gautam Jain, PhD, CFA

FX Dashboard: EM Currencies to Target in the Late Recovery Phase

In this note, we discuss the currencies that can perform well even if the US dollar becomes rangebound going forward, taking away the impetus for...

Gautam Jain, PhD, CFA

FX Dashboard: Stay Bullish on Mexican Peso

We reiterate our bullish view on the Mexican peso (MXN) as the country's growth outlook gets revised higher and the central bank will likely start...

Gautam Jain, PhD, CFA

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

If the dollar moves sideways for the time being, as we expect, then it should lead to a carry trade environment. We identify the best EM currencies...

Gautam Jain, PhD, CFA

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

Following the recent rally in the Indian rupee, we assess that there is more upside in the currency but suggest targeting a better entry point as...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)