德意志银行-新兴市场-宏观经济-新兴市场宏观与策略重点-20170825-em macro and strategy focus-deutsche bank

《德意志银行-新兴市场-宏观经济-新兴市场宏观与策略重点-20170825-em macro and strategy focus-deutsche bank》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、DeutscheBankMarketsResearchGlobalEmergingMarketsDateEMMacroand25August2017StrategyFocusDrausioGiacomelliThenexttwoweeksofauctions,economiccalendarandperformancechartscanStrategistbefoundwithin.ForourlatestviewsinAsiaLocalmarkets,pleaseseetheAsia+1-212-250-7355LocalMarketsWeekly

2、-WaitandwatchJedEvansStrategist+1-212-250-8605SebastianBrownStrategist+1-212-250-8191GautamKalani,PhDStrategist+44-20-754-57066JulianaLeeChiefEconomist+852-2203-8312GuilhermeMaroneStrategist+1-212-250-8640ElinaRibakovaChiefEconomistFigure1:Best&WorstFXFigure2:Best&WorstRates+44

3、-20-7547-1340Performance:Performance:WeeklyReturn(%)Weekly5YIRSSpreadChg(bps)ChristianWietoskaÝUSD/CLP1.4%BRL-21StrategistÝUSD/BRL1.0%+44-20-754-52424TRY-20ÝUSD/KRW0.8%HUF-15USD/MXN0.8%PLN-6EUR/HUF-0.2%MYR0USD/THB-0.3%CLP1EUR/RUB-0.5%COP1EUR/ZAR-0.8%ZAR2Source:GlobalMarkets

4、ResearchSource:GlobalMarketsResearchDeutscheBankSecuritiesInc.Distributedon:25/08/201722:48:13GMTDISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)083/04/2017.Distributedon:27/08/201712:00:00GMT0bed7b6cf11c25August2017EMMacroandStrategyFocusTopTradesExpirationLastL

5、astActionIDStatusCountryTradeNameWeightsInitiationEntryCurrentTargetStopDateActionDateFxTradesEMEA1MaintainPolandShortEUR/PLNFXOutright22Jun17Initiation4.254.264.154.322MaintainRussiaShortCAD/RUBFXOutright10Aug17Initiation47.3047.2345.0048.703MaintainTurkeyShortUSD/TRYFXOutrigh

6、t13Jul17Initiation3.573.483.473.644NewCzechBuya2m26.20EURCZKcallPremium31Jul1710Oct17Initiation0.40%0.55%Buy2mUSDRUBputspreadstruckatATMS/56versus2m5MaintainRussiaPremium10Aug1710Oct17Initiation0.00%0.00%OTstruckat66.2LATAM1MaintainBrazil/ChileBuyBRL/CLPFXOutright13Jul17Initiat

7、ion204.80202.96210.80201.102MaintainMexcioBuyUSD/MXNFXOutright10Aug17Initiation17.7517.7218.2517.45Buy2MUSDc/MXNp@17.94(ATMF),KI@17.50~0.7%3MaintainMexicoPremium13Jul1713Sep17Initiation0.70%0.58%(vanilla~1.9%,ref.FX17.78)RatesTradesEMEA1NewCzech/IsraelBelong5YCZKvsILSOutright03

8、Aug17Initiation-38.00-31.000.00-55.002MaintainIsrael5Y