So we have been on the show tracking the weakness of the USD over the course of this year. And I guess the question that people are is asking is whether this is just a temporary pullback in relation to the uncertainty surrounding economic policies stemming from the US, or is it a structural retrenchment and a real diversification play away from the USD that's taking place. Joumanna, that's the multi-trillion dollar question that everyone is indeed trying to answer.If history is any guide, definitely price f ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha May 6, 2025 07:13 PM GMT Global EM Strategist M Global Idea A New Phase in Flows EM fixed income investors are voting with their feet on the outlook for the USD, with flows returning to EM local market funds while hard currency sees continued outflows. Does a new era beckon? Key Takeaways Must reads from Global EM Strategy EM Fixed Income Strategy and Economics – IMF Spring Meetings Takeaways | 30-Apr-2025 We summarise our views from the IMF Spring Meetings, including highlig ...