The report discusses the outlook for emerging market foreign exchange (EM FX) in 2018, highlighting factors such as attractive valuations, potential for further inflows, and reduced external vulnerabilities. It categorizes EM currencies into 'defensive' longs, 'idiosyncratic revaluation trades', and 'wild cards', and identifies vulnerable currencies. The report also outlines potential risks from US inflation, global QE reduction, and Chinese growth slowdown.
doj/DataSet10/EFTA01379443.pdf
{"title":"EMFX Outlook 2018: Growth-led Revaluation","key_people":["Drausio Giacomelli","Sameer Goel","Gautam Kalani","Sebastian A. Brown","Jed Evans"],"document_date":"2017-12-11","document_type":"correspondence","document_subtype":"Special Report","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0076920","SDNY_GM_00223104","EFTA01379443"]}