Currency Forecast - BRL: Rally Will Fade, But Strength To Remain - 10 APR 2017
Emerging Markets Monitor April 2017 / Brazil / Economy
The Brazilian real will largely trade sideways over the coming quarters. High real yields and rising oil prices will buoy the unit, even as positive sentiment adjusts to the country's subdued...
Currency Forecast - CLP: Negative Short-Term Outlook To Give Way To Modest Appreciation - 10 APR 2017
Emerging Markets Monitor April 2017 / Chile / Economy
The Chilean peso will weaken in 2017 on falling real interest rates and lower copper prices. In 2018, a rebound in the copper market, improving investor sentiment and a rate hiking cycle will...
Market Strategy - PLN: Regional Outperformance To Continue - 10 APR 2017
Emerging Markets Monitor April 2017 / Poland / Finance
A strong technical picture and growth outlook supports our bullish view on the Polish zloty (PLN). We expect further gains against the euro and against regional peers over the coming quarters.
Currency Forecast - PEN To Trade Sideways With Copper Prices - 20 MAR 2017
Emerging Markets Monitor March 2017 / Peru / Economy
The Peruvian Sol will trade sideways over the coming months, with downside pressure on the unit expected in H2 2017. Long-term fundamentals remain to support gradual appreciation.
Market Strategy - Regional FX Set To Weaken Amid Oil Price Downside - 20 MAR 2017
Emerging Markets Monitor March 2017 / Latin America / Finance
Latin American currencies are likely to see additional downside over the coming weeks in light of a major break lower in oil and other key commodity prices.
Market Strategy - MXN Top Pick Among EM FX - 20 FEB 2017
Emerging Markets Monitor February 2017 / Global / Finance
We think the dollar has likely topped out in broad trade-weighted terms, particularly when measured in total returns, but we do not expect a bear market to ensue. We remain fundamentally bearish on the the yuan, which is one of the main components of the USD's trade-weighted index. Weakness in the currency is likely to resume in the near term. That said, we continue to see EM FX excluding the...
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Market Strategy - PEN Rally To Settle Into Gradual Uptrend - 30 JAN 2017
Emerging Markets Monitor January 2017 / Peru / Economy
PEN Rally To Settle Into Gradual Uptrend
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Currency Forecast - TTD: Devaluation Likely Amid Rising Pressures - 30 JAN 2017
Emerging Markets Monitor January 2017 / Trinidad & Tobago / Economy
The CBTT will gradually devalue the Trinidadian dollar in 2017 in response to significant pressure on the country's external and fiscal accounts. A more substantial devaluation is likely in the...
Currency Forecast - TTD: Steady Depreciation Set To Continue - 01 AUG 2016
Emerging Markets Monitor July 2016 / Trinidad & Tobago / Economy
The CBTT will continue a steady depreciation of the Trinidadian dollar over the coming quarters in light of its wide external account deficit and falling foreign exchange reserves. Nonetheless, a...
Market Strategy - PEN Losses Likely To Be Limited Following Bearish Break - 01 AUG 2016
Emerging Markets Monitor July 2016 / Peru / Economy
The Peruvian sol is likely to weaken further in the coming weeks in light of central bank intervention to stymie the unit's rise. As a result, the unit broke through support at PEN3.28/USD, where...