Author

Win Thin 153 posts 0 comments

Win Thin is the Head of Emerging Markets Currency Strategy at Brown Brothers Harriman. He has a broad international background with a special interest in developing markets. Win received his Ph.D. in economics from Columbia University in 1995, specializing in international and development Economics. He received an MA from Georgetown University in 1985 and a B.A. from Brandeis University 1983.

Markets

Peripheral Euro Zone Remains Under Pressure

Win Thin Nov 23, 2010

by Win Thin We continue to be concerned about contagion risks in the peripheral euro zone. The package for Ireland has ultimately been shrugged off by the markets this week after initial gains in the euro and peripheral bond…

Markets

Thoughts On The Two Koreas

Win Thin Nov 23, 2010

by Win Thin The won has been one of the worst performers so far today due to developments in the Korean peninsula. Clearly, North Korea is trying to make a statement to the West with its recent saber-rattling, and reports of the…

Economy

Brazil Monetary Policy Uncertainty Continues

Win Thin Nov 22, 2010

by Win Thin Brazil press is reporting that President-elect Rousseff won’t ask central bank chief Meirelles to stay on after she takes office January 1, and repeats earlier speculation of changes to the economic team. We have been…

Markets

More Thoughts On Ireland And Peripheral Euro Zone

Win Thin Nov 22, 2010

by Win Thin Here are some more thoughts regarding the negative Ireland comments by Moody’s that we highlighted in our daily. The agency warned of “multi-notch” downgrades to its Aa2 rating, noting that the aid plan will “crystallize…

Markets

China Curbs Shouldn’t Derail CNY Appreciation

Win Thin Nov 9, 2010

by Win Thin China took more efforts aimed at “further curbing inflows” with measures designed to “maintain China’s economic and financial security.” The measures appear to be relatively mild, but like Brazil, China may end up…

Markets

Stress and Contagion Return To Europe

Win Thin Nov 5, 2010

by Win Thin Greece has the worst performing bonds in the euro zone, with 10-year spreads to Germany blowing out 80 bp this week and 136 bp this month. It retakes the worst-performing mantle from Ireland, whose 10-year spreads are up…

Markets

EM FX Off To The Races After QE2, Boosting Talk Of More Capital Controls

Win Thin Nov 4, 2010

by Win Thin EM currencies are rallying in the wake of the FOMC decision, with many back to testing or even besting the year’s highs vs. USD from mid-October. We continue to feel that the conditions favoring EM investment will…

Markets

Hungary Downgrade Risk Remains Alive, Stay Short HUF

Win Thin Nov 3, 2010

by Win Thin S&P affirmed Hungary’s BBB- rating but kept the negative outlook in place, signaling that all is not yet clear for the country. We believe that markets have gotten too bulled up on Hungary lately and are overlooking…

Markets

Reserve Bank of India To Continue Hiking, INR Should Remain Firm

Win Thin Nov 1, 2010

by Win Thin Reserve Bank of India is expected to hiked rates by 25 bp at its regular meeting Tuesday. Reverse repo rate is now 5.0% and the repo rate 6.0%. This comes after RBI hiked rates 25 bp in September under the recent…

Markets

PBoC Tightening Unlikely To Be Aggressive

Win Thin Oct 22, 2010

by Win Thin News service is quoting China government economist saying that the central bank is seen as behind the curve and may need to hike twice more this year. He added that an alternative would be hikes in commercial bank reserve…