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Extraction Summary
1
People
4
Organizations
6
Locations
4
Events
0
Relationships
3
Quotes
Document Information
Type:
Financial strategy report
File Size:
Summary
This document is page 14 of a 'Global Cross Asset Strategy – Year Ahead' report dated November 30, 2016, produced by Bank of America Merrill Lynch. It analyzes currency markets, specifically recommending trades involving USD/CNH, EUR/SEK, and RUB/ZAR based on geopolitical factors like the US elections, Chinese trade rhetoric, and South African politics. The document bears a 'HOUSE_OVERSIGHT_014445' stamp, indicating it was produced as part of a congressional investigation, likely related to financial records.
People (1)
| Name | Role | Context |
|---|---|---|
| President Zuma | President of South Africa |
Mentioned in the context of a 'no confidence vote' affecting the RUB/ZAR currency trade.
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Organizations (4)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Creator of the Global Cross Asset Strategy report.
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| Bloomberg |
Source of data for the currency charts.
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| Riksbank |
Mentioned regarding monetary policy in Sweden.
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| House Oversight Committee |
Implied by the 'HOUSE_OVERSIGHT' bates stamp.
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Timeline (4 events)
2016-11-30
Locations (6)
| Location | Context |
|---|---|
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Mentioned regarding elections and USD.
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Mentioned regarding trade rhetoric, currency manipulation, and CNY/CNH.
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Mentioned regarding its economy relative to the Eurozone.
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Economic region compared against Sweden.
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Mentioned regarding upcoming presidential elections.
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Mentioned regarding politics and the RUB/ZAR trade.
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Key Quotes (3)
"Today we add a CNH put (expressed as a USD/CNH call at 7.6 strike) partly because it fits with our positive USD call but also because it is a potential hedge against the trade rhetoric of the new administration descending into something more meaningful."Source
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Quote #1
"Given the stated intent to declare the Chinese as currency manipulators... it is not impossible to imagine a much weaker CNY/CNH should the Chinese authorities allow a free float."Source
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Quote #2
"The latest no confidence vote against President Zuma underlines how tricky South African politics are at the moment."Source
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Quote #3
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