The document discusses the impact of recent commodity price movements on commodity-linked currencies, highlighting increased volatility and depreciation against the USD. It suggests using premium neutral bullish risk reversals to take advantage of implied volatility, skew, and forward dynamics. The memo specifically mentions USDBRL as a compelling entry point for such strategies.
documents/vol00010-efta01462286-pdf.pdf
{"key_people":["Daniel Sabba"],"document_type":"correspondence","document_subtype":"memo","key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0124770","SDNY_GM_00270954","EFTA01462286"]}