Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

In this note, we postulate that the Turkish lira (TRY) is almost entirely an idiosyncratic play currently.The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

In this note, we postulate that the Turkish lira (TRY) is almost entirely an idiosyncratic play currently.The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

FX Dashboard: Lira Is an Idiosyncratic Play

In this week’s “Alpha Bites”, we recommend going long the South Korean won (KRW) against shorting the Taiwan dollar (TWD) in a risk-neutral ratio, with the won underperforming particularly since the start of the year.

In this week’s “Alpha Bites”, we recommend going long the South Korean won (KRW) against shorting the Taiwan dollar (TWD) in a risk-neutral ratio, with the won underperforming particularly since the start of the year.

Alpha Bites: Long Korean Won (KRW) Vs Short Taiwan Dollar (TWD)

In this note, we compare and contrast the performance of Asian and Latin American currencies during the pandemic.The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

In this note, we compare and contrast the performance of Asian and Latin American currencies during the pandemic.The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

FX Dashboard: Asian Vs LatAm Currencies During the Pandemic

In this note, we go over the factors driving the lira's performance and our view on the currency. The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

In this note, we go over the factors driving the lira's performance and our view on the currency. The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

FX Dashboard: Explaining Lira's Outperformance

In today's note, we look at the EM FX-EUR correlation and recommend funding positions in EM currencies in euro for the time being. The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

In today's note, we look at the EM FX-EUR correlation and recommend funding positions in EM currencies in euro for the time being. The attached file is a snapshot of the 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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

Taiwan

The New Taiwan dollar is the official currency of Taiwan

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TWD (USDTWD CURNCY)

FX Dashboard: Lira Is an Idiosyncratic Play

Attached is our daily FX Dashboard that identifies dislocations in EM currency markets. In this note, we postulate that the Turkish lira (TRY) is...

Gautam Jain, PhD, CFA

Alpha Bites: Long Korean Won (KRW) Vs Short Taiwan Dollar (TWD)

With the Taiwan dollar (TWD) outperforming the South Korean won (KRW), especially since the start of the year, we recommend going long KRW against...

Gautam Jain, PhD, CFA

FX Dashboard: Asian Vs LatAm Currencies During the Pandemic

Attached is our daily FX Dashboard that highlights dislocations in EM currency markets. In this note, we compare and contrast the performance of...

Gautam Jain, PhD, CFA

FX Dashboard: Explaining Lira's Outperformance

Attached is our daily FX Dashboard that highlights dislocations in EM currency markets. In this note, we go over the factors driving the lira's...

Gautam Jain, PhD, CFA

FX Dashboard: Fund EM FX in EUR

Attached is our daily FX Dashboard that highlights dislocations in EM currency markets. In today's note, we discuss EM FX-EUR correlation and...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)