The document discusses the attractiveness of emerging market foreign exchange (EMFX) as a carry proposition due to elevated interest rate differentials and reduced volatility. It highlights the role of government intervention in FX movements and recommends short EUR/BRL and short EUR/CLP as carry trades. The document also analyzes the impact of Eurozone tail risks on EM currencies and provides insights into the BRL and MXN currencies.
doj/DataSet10/EFTA01449248.pdf
{"title":"FX Blueprint: Dashing Buck","document_date":"2013-05-16","document_type":"tabular","key_organizations":["Deutsche Bank"]}