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(1) Why the Mexican Peso Could Perform (4 min read) As EM markets rally, one of the most interesting countries to follow could be Mexico. Reuven Benichou shows how a positive external balance, attractive carry and cautious fiscal/monetary stance all support MXN in the medium-term.
(Reuven Benichou│ 20th November, 2020)
(2) Striking A Minor Discord? The Treasury Wants Its Money Back… (3 min read) Dominique Dwor-Frecaut and George Goncalves team up to assess the market implications of the key 13(3) facilities not being renewed. Unless there is economic weakness or an acute tightening of fiscal conditions, it should not impact future Fed policy.
(Dominique Dwor-Frecaut, George Goncalves │ 20th November, 2020)
(2) Key Events: Week of 23 November (1 min read) Next week, a number of countries will be releasing GDP figures. Keep a close eye on France, as the country is set to announce GDP, CPI, PMI and consumer confidence figures.
(Sam van de Schootbrugge│ 20th November, 2020)
Flipping tech: four risks to the sector (LGIM, 3 min read)
The Siren Song of Austerity (Project Syndicate, 4 min read)
International Trade in Modern Principles (Marginal Revolution, 3 min read)
Engines of global growth keep recovery on track (Variant Perception, 3 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)