My colleagues and I continue to see further medium-term weakness for the US dollar and, in this respect, favour emerging market (EM) currencies. Our top picks in our key market views are the Chilean peso (CLP) and the Singapore dollar (SGD). Our other EM favourites include the Mexican peso (MXN), Brazilian real (BRL) and South… [Read more]

As I write in the latest edition of Emerging Markets Monitor (EMM), EM currencies are, on the whole, due some appreciation against the US dollar over the coming months. My colleagues and I turned bullish towards the Russian rouble versus the EUR/US$ basket last week in our Key Market Views matrix, and remain bullish on… [Read more]

The Chilean peso (CLP) has long been my favourite Latin American currency, primarily because of the perceived lack of intervention risk from the Banco Central de Chile (BCC). Indeed, central bank President José de Gregorio has reiterated on numerous occasions his beliefs that: a) currency intervention is costly and, on occasion, ineffective, and b) the… [Read more]

After a rough 2009, Mexico’s economic fundamentals look set for a breather over the next couple of months, as exports, manufacturing and unemployment levels continue to benefit from unprecedented fiscal stimulus north of the border. If the US Federal Reserve opts to keep the monetary floodgates open for a while longer, this could translate into… [Read more]