18 February 2021 Pundits are projecting the onset of the next Commodity Supercycle. To be sure, prices of primary products have spiked dramatically in the past year, and many commodity-linked currencies have begun to rally. The Brazilian Real, however, has been noticeably absent, despite the country's heavy reliance on this sector (Chart above). Unfortunately, the [...]
Tag: rand
EM Contagion: Who’s Next??!!
10 August 2018 In the wake of the turmoil in Turkey, markets are considering which Emerging Market currencies potentially could be vulnerable if a broader EM contagion develops. A couple of my favourite Charts may provide some clues. What has provoked the dramatic run on the Turkish lira? Chart 1 illustrates the Turkish currency was [...]