EFTA01464418Set 10
2013-05-1660p12,430w
USD/TRY put
Theme #9: Mexican Siesta: Take profit on short USD/MXN, sell EUR/BRL and
EUR/CLP
Theme #10: Turning Up the Volume: Buy USD/GBP variance swap and
AUD/USD variance swap
Research ... important influence on shortterm
FX movements.
5E We still recommend short EUR/BRL and short
EUR/CLP as carry trades. While we remain
constructive on MXN in the medium term we
recommend ... entering the long awaited
deceleration path. In our view, the carry trade on
EUR/CLP is an attractive alternative to position for
loose monetary policies at the core (current: 618, entry
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01464418.pdf