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]
Risk Watchdog and his colleagues at Business Monitor International (BMI) have grown very bullish Latin American currencies. Three views in particular stand out and form part of the BMI Global Key Market Views portfolio: Last Friday, my colleagues at BMI initiated a long Chilean peso/short US dollar view, which hit the initial CLP510.00/US$ target within… [Read more]