TD Securities' Kotecha on Emerging Markets

The video discusses the sustainability of currency gains, focusing on the Korean won and its reaction to dollar strength. It examines the impact of rate hikes by the Fed and the Bank of Korea, suggesting a nearing end to the rate hiking cycle. The discussion shifts to beneficiaries of dollar weakness, highlighting Asian currencies like the Korean won and Singapore dollar. China's economic outlook is analyzed, noting challenges from COVID and limited stimulus measures. The Hong Kong dollar peg is debated, with skepticism about its potential break. Finally, the outlook for European currencies, particularly the euro and sterling, is considered amid economic challenges.

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