How Currency Experts Will Ride Thursday's Forex Rollercoaster
- Comey’s testimony could be key moment for Trump: AMP’s Naeimi
- Pound vulnerable if May stumbles; Amundi bullish on Europe FX
Bloomberg's Kevin Whitelaw previews former FBI Director James Comey's testimony before the Senate Intelligence Committee. He speaks with Bloomberg's Joe Weisenthal, Julia Chatterley and Scarlet Fu on 'What'd You Miss?' (Source: Bloomberg)
Go long the euro. Short the pound. Sell Brazil’s real, the Mexican peso and South Africa’s rand.
These are some of the strategies managers are adopting as they brace for Thursday’s trifecta of disruptions. AMP Capital Investors Ltd.’s Nader Naeimi sees former FBI Director James Comey’s testimony as the biggest wildcard. But he also thinks U.S. bond yields are close to their bottom and the dollar will gain versus emerging-market currencies. Amundi SA, which oversees more than $1 trillion, is bullish on Europe.