Matthew Burgess

3 days ago | japantimes.co.jp | Matthew Burgess |Maria Elena Vizcaino |Catherine Bosley

After years of coming second to popular Latin American carry trades, Asian currencies are finding their cheapness has become an asset as traders seek to capitalize on the dollar’s eroding premium status. Currencies like South Korea’s won, the Indonesian rupiah, and the Indian rupee rank among the most undervalued in emerging markets relative to their historic average, according to data compiled by Bloomberg.

3 weeks ago | fa-mag.com | Srinivasan Sivabalan |Matthew Burgess |Marcus Wong

Emerging market local-currency bonds are being tipped to beat their dollar-denominated peers despite offering lower yields than even US Treasuries. The securities have had the best start to the year since 2022 against their dollar rivals, as global trade turmoil boosts expectations for interest-rate cuts in developing nations and cools inflation by pushing down oil prices. Dollar bonds meanwhile have underperformed as US President Donald Trump’s tariff threats weigh on the greenback.

1 month ago | financialpost.com | Selcuk Gokoluk |Matthew Burgess

Asian economies were heavily targeted by the US president’s so-called “discounted reciprocal” tariffs, with Thailand facing a 36% levy on its exports and Vietnam slapped with a 46% duty. Some of the poorest countries were punished for their trade imbalances with the US, with Cambodia’s tariffs set at 49% and the tiny African kingdom of Lesotho charged 50%. Even Israel, despite its status as America’s closest ally in the Middle East, had a 17% levy placed on its exports.

1 month ago | financialpost.com | Vinicius Andrade |Vinícius Andrade |Matthew Burgess

The moves have already sparked a run in emerging markets (EM) equities, with a gauge set for its best first quarter since 2019. A weaker U.S. dollar has helped lift an index of developing currencies nearly two per cent this year, while local bonds have also climbed. “For the past few years, investors have piled into U.S. assets and more-developed markets,” said Bob Michele, global head of fixed income at JPMorgan Asset Management.

Dec 8, 2024 | ca.finance.yahoo.com | Matthew Burgess

(Bloomberg) -- Hedge funds have increased short bets against Australia’s dollar as soft growth data lift expectations of policy easing and the incoming US administration progresses with its tariff levies. • None Kansas City Looks Back on its Long, Costly Ride With MicrotransitLeveraged funds boosted their bearish positions on the currency to the most since September in the week ending Dec. 3, according to Commodity Futures Trading Commission data.