Epstein Files Search

EFTA01459709Dataset 10

2016-01-121p496w

…change in BanRep's intervention rule (the trigger to sell 1M USD calls/COP puts moved from 7% to 5% above the 20d MA) led to a considerable rally in COP in the last days of 2015. Since then, the currency has been slowly weakening in line with the sell-off in oil, a trend we believe will continue in 2016 even if "risk on" sentiment eventually resumes. This is predicated on three arguments: a more dovish BanRep in terms…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459709.pdf

EFTA01461971Dataset 10

1p568w

…more clearly an exit process, including initial rate hikes, that could be moved up to the first half of 2015. Colombia: BanRep to continue hiking we expect the monetary board of Banco de la Republica to increase by 25bps the intervention rate on the meeting today taking it to 4.25% after four consecutive hikes. This hike is expected by market participants after the pickup in inflation and GDP growth in the first half of the year. In our view…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461971.pdf

EFTA01461975Dataset 10

1p779w

…the September FOMC message could begin to signal more clearly an exit process, including initial rate hikes, that could be moved up to the first half of 2015. Colombia: BanRep to continue hiking We expect the monetary board of Banco de la Republica to increase by 25bps the intervention rate on the meeting today taking it to 4.25% after four consecutive hikes. This hike is expected by market participants after the pickup in inflation and GDP growth in the…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461975.pdf

EFTA01379450Dataset 10

2017-12-111p621w

…headlines especially if connected to EGP. We maintain the view that it will play the role of Colombia's fiscal accounts could very likely trigger a nominal anchor - especially for wage negotiation is O1 bout of COP weakness followed by outflows due to - and that it will outperform forwards for a near Banrep's dovish stance and the increasingly double-digit margin (amid bouts of depreciation). challenging fiscal scenario up ahead. 3 Unlike the currencies mentioned above, ILS does We…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01379450.pdf

EFTA01458616Dataset 10

2015-09-251p632w

…and FDI and portfolio flows weakening. The weakness of external accounts and relatively high foreign participation put COP in a vulnerable position ahead of Fed tightening (even if oil remains supported). We maintain our bearish stance despite the increasing likelihood of BanRep having to hike rates and the Isagen developments. MU" CLP continues to move very closely together with copper. The copper supply-demand picture continues to be unfavorable. CLP is better positioned to face the other big EMFX risk…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458616.pdf