The probability that enough doses of FDA approved vaccine to inoculate 25m people are distributed in the US by 1Q21 has rebounded from its recent trough at 42% to 57%
Inflows from foreign investors have been consistent enough that the 12-month sum of net flows is now just under $200 billion, challenging the highest in more than 40 years.
Would it not be poetic…?
MXN and RUB are both EM currencies, but have performed very differently over past months as the Biden trade has been feeding through markets.
Sure there are other reasons for the RUB weakness etc, but the gap could quickly reverse…