Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

In this note, we discuss the reasons behind the stability in EM currencies and whether it can continue.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. 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 discuss the reasons behind the stability in EM currencies and whether it can continue.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. 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: EM FX Volatility Remains Low

In this note, we discuss the reasons behind the recent lag of the Colombian peso and argue that it may continue to underperform in the near term.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. 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 discuss the reasons behind the recent lag of the Colombian peso and argue that it may continue to underperform in the near term.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. 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: Colombian Peso to Continue Underperforming

In this note, we consider whether the heavy short speculative positions in the dollar a concern or not.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. 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 consider whether the heavy short speculative positions in the dollar a concern or not.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. 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: Is Heavy Short Dollar Positioning a Concern?

In this note, we discuss the binary risks in Brazilian real, especially with the currency appreciably cheap in REER terms.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. 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 discuss the binary risks in Brazilian real, especially with the currency appreciably cheap in REER terms.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. 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: Brazilian Real Cheap in REER Terms

In this note, we look into the correlation of EM currencies with US equities, which has dropped from last year but is still high.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. 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 look into the correlation of EM currencies with US equities, which has dropped from last year but is still high.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. 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: High Correlation Between EM Currencies and US Equities

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

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Dollar Index (DXY CURNCY)

FX Dashboard: EM FX Volatility Remains Low

Attached is our daily FX Dashboard that helps identify dislocations among EM currencies. In this note, we discuss the reasons behind the stability...

Gautam Jain, PhD, CFA

FX Dashboard: Colombian Peso to Continue Underperforming

Attached is our daily FX Dashboard that helps identify dislocations among EM currencies. In this note, we discuss Colombian peso's recent lag and...

Gautam Jain, PhD, CFA

FX Dashboard: Is Heavy Short Dollar Positioning a Concern?

Attached is our daily FX Dashboard that helps identify dislocations among EM currencies. In this note, we consider whether the heavy short...

Gautam Jain, PhD, CFA

FX Dashboard: Brazilian Real Cheap in REER Terms

Attached is our daily FX Dashboard that identifies dislocations among EM currencies. In this note, we discuss the binary risks in Brazilian real,...

Gautam Jain, PhD, CFA

FX Dashboard: High Correlation Between EM Currencies and US Equities

Attached is our daily FX Dashboard that identifies dislocations in EM currency. In this note, we look at the implications of the high correlation...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)