HSBC Global Research - Emerging Markets FX Roadmap
Language: English
Date: 19 Feb 2012
Page: 72

Model portfolio and trade recommendations 3
Latam at a glance 5
Latam FX Positions Report 6
Brazil: Stuck in the BCB’s range 9
Mexico: Rates steady despite dovish Fed, MXN gains 12
VEF: Still a long way to go 19
Asia at a glance 24
The fast and the furious 25
KRW: Is it any Won-der? 32
LKR: New regime, similar problems 38
EMEA at a glance 42
PLN: Attractive after all 43
UAH: Why is Ukraine in focus again? 48
Real effective exchange rates 56
Key global economic and FX assumptions 62
Currency reference table 64
Emerging markets FX strategy biographies 65
Disclosure appendix 70
Disclaimer 71