EMFX: Carry and Domestic Fundamentals Rather Than the USD

과거 상승 거시 이벤트 398건 이후, 중국 위안 (USD당 CNY)은 5거래일 동안 중앙값 +0.0% 변동(상승 56%; 중간 50% 범위 -0.3%~+0.5%), 20거래일 동안 +0.0%.

• 2016. 11. 29.FxWirePro: What else is appending impetus to USD/CNY appreciation than PBoC mechanism? Is it rate differentials and/or Trump factor? | EconoTimes-0.4%
• 2022. 5. 5.US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+1.7%
• 2022. 12. 5.Renminbi movements: it's more than the trade and current account - OMFIF-0.9%
• 2024. 7. 22.China stocks drop after party meeting, yuan falls on rate cuts - The Pound Hub-0.3%
• 2023. 6. 4.China's yuan may slip further to aid economic recovery - analysts+0.6%

과거 하락 거시 이벤트 213건 이후, 브라질 헤알 (USD당 BRL)은 5거래일 동안 중앙값 -0.2% 변동(상승 46%; 중간 50% 범위 -1.5%~+0.9%), 20거래일 동안 +0.2%.

• 2022. 12. 13.Latam FX: Fiscal fundamentals | articles | ING THINK-0.5%
• 2022. 12. 23.USD/BRL: Fiscal fundamentals continue to be fragile – Rabobank: Analytics and Market news from 23 December 2022 15:34+2.3%
• 2025. 9. 15.Latam FX Talking: Carry trade remains the dominant theme | articles | ING THINK-0.5%
• 2026. 4. 25.Goldman Cuts USD/BRL Outlook as Real Gains on Trade, Carry and Risk Appetite-0.9%
• 2017. 10. 17.BRL: Can flows pick up the baton from carry? – Deutsche Bank — Octa+1.5%