Research & Insight

The previous six years in foreign exchange markets can clearly be defined as a prolonged period of trend dollar weakness. This has primarily occurred as a result of an overly large current account deficit and an excessively long...

Even Harry Potter could not forecast the future and my crystal ball is no better than his – it will reveal only brief pictures, some of which should worry investors, and others that should reassure.

The past twelve months have seen a very rapid appreciation of the euro versus the US dollar as the effects of the sub-prime crisis and the subsequent Fed cuts led investors to sell dollars. However, with a weakening economic...

JP Morgan produces the Emerging Local Markets Index Plus (ELMI+) which tracks total returns, measured in dollars, for local-currency-denominated money market instruments in 23 emerging markets. They produce series for each market...

Author: Christopher Vale, Managing Director & CIO, Asia.

The first quarter of 2008 was one of the worst quarters on record with the MSCI Asia ex Japan Index falling 14.4%. Worries of a US recession, rising credit spreads, an...