FX - Is the US Dollar in Trouble?

I expect more pain before we get the game so long US dollar is still a position of mine. I am adding a bit of Latin American exposure because Latin America is decent disshielded from this terms of trade crisis that we see across the European continent. They have access to decent deep energy in a relative context since they have access to energy both locally but also from the northern American continent and they have central banks willing to sacrifice the local bond market for currency stability. From a European perspective it may make a lot of sense to be long Brazil and Mexican piezo versus the euro you get a bigger nominal carry and you get a central bank sort of safeguarding the exchange rate relative to the US dollar

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app