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2 Mar 2015
EM FX strategy for the week – DB
FXStreet (Barcelona) - The Research Team at Deutsche Bank shares the strategy for EM FX for the current week.
Key Quotes
“In Asia, we have turned neutral on IDR and KRW in light of the apparent shift in policy bias there towards weaker currencies.”
“Elsewhere, we still like long USD versus SGD, TWD, MYR and THB.”
“In LatAm we stay long MXN/COP and PEN/CLP based on commodity exposure, valuation and positioning.”
“In EMEA we favor cheap, cyclical manufacturing currencies with limited balance sheet risk. Overweight PLN and HUF while remaining long EUR/ILS.”
Key Quotes
“In Asia, we have turned neutral on IDR and KRW in light of the apparent shift in policy bias there towards weaker currencies.”
“Elsewhere, we still like long USD versus SGD, TWD, MYR and THB.”
“In LatAm we stay long MXN/COP and PEN/CLP based on commodity exposure, valuation and positioning.”
“In EMEA we favor cheap, cyclical manufacturing currencies with limited balance sheet risk. Overweight PLN and HUF while remaining long EUR/ILS.”