EM FX Macro

EM FX Macro

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Three-Body Macro Chaos
Markets aren’t orbiting one dominant force anymore. They’re caught in a system with no stable solution. Trump, tariffs, and a fraying US narrative have…
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Stephen Elgie
PAXXIT
The end of US leadership has consequences beyond the costs of tariffs
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Stephen Elgie
1
Sabotaging the US Dollar
Is the Trump administration calling time on a 14 year uptrend?
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Stephen Elgie
2
Not a 2025 Outlook, just the inaugural note of the year.
Twin policy uncertainties in the US and China leave the path unclear for EM.
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Stephen Elgie
Red Wave washes over Emerging Markets
Emphatic Trump victory delivers further headwinds to a beleaguered asset class.
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Stephen Elgie
EMFX Macro - Brighter horizons for EM
Lower core rates and China stimulus improve the medium term outlook for EM FX.
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Stephen Elgie
EMFX Macro Mid-Year Review
Are we at a tipping point in this market regime? In this note, I work through my perspective on the recent regime for EMFX and opine on whether we are…
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Stephen Elgie
EM FX Macro
EM FX Macro
Emerging Markets Macro FX ideas and strategy

EM FX Macro

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