Chatterjee on Carrying in a Low-Volatility Beta Regime: EM Lens
Event risk will garner greater attention as the emerging-market election calendar heats up in May. In this month’s EM Lens & Look-Through podcast, Wells Fargo Global Macro Strategist, FX & Emerging Markets Aroop Chatterjee joins Damian Sassower, Bloomberg Intelligence chief EM credit strategist, to share his views on funding currency diversification as the EM carry trade remains alive and well. Chatterjee and Sassower discuss the propensity for currency volatility to mean-revert, debate the impact of China’s economy on the broader commodity complex, and assess the impact of a shallower US Federal Reserve easing cycle on EM interest rate expectations.