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Alive and Kicking: A Guide to FX as an Asset Class

May 2, 2018
With trillions in currencies exchanging hands every day, foreign exchange is indisputably the world’s largest and most liquid financial market. Yet in spite of its size, this report argues that it is also likely to be the least "efficient" compared to other asset classes. [more]

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Although EM's upturn is in early stages across many emerging economies and could be sustained for a couple of years in many others, EM's "rally cycle" is already four years long in hard currency debt and its extension hinges crucially on global growth acceleration. [more]
7.6.3