Czech That Out ! A story Foretold in FX Markets
- Date: 06/04/2017
We assess the implications of the removal of the CZK to EUR peg on April 6 2017 and what this means for how central banks manage peg removals going forward. The CNB announced earlier today that they abandoned their commitment to the EURCZK floor at 27 CZK per EUR whilst….
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What Works to Produce Sustainable Returns in Currency?
- Date: 08/02/2017
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- Joe Spearing
• Strategies for earning sustainable return in currency are more nuanced than in equities or bonds due to the absence of a “long-only” beta • We argue that there are, however, strategies to target sustainable returns in the currency space • This blog post describes growth, carry, momentum and value….
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Turkey’s Current Account: Rebalancing at Last?
- Date: 17/01/2017
11th January saw data on Turkey’s November current account released The drop off in the trade balance can be largely explained by FX effects and continued decline in Tourism revenues A careful analysis suggests that in the detail might be some much-needed good news for Turkey In August, we warned of a “nightmare”….
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A Framework for Differentiating Among Emerging Market Currencies
- Date: 16/01/2017
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- Andrew Bloomfield, CFA
How to rank the relative attractiveness of Emerging Market currencies? In this blog post we bring together various metrics that should help investors decide on the perennial question, whether or not to hedge Emerging Market currency risk. Where currencies in growth economies able to deliver a structural appreciation for those….
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