💨IMPACT LEVEL 1 — MEH
Epstein File EFTA01458679: Driver and Offshore (DS10)
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A financial or economic analysis document discussing equity outflows as a driver of Asian currency weakness and offshore investor positions in foreign exchange markets. The excerpt does not reference Epstein or reveal case-specific information.
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PersonKeyword
Excerpt 1
Recall that equity outflows were a much bigger
**driver** of Asian FX weakness over the summer than bond outflows
(this was a 'growth tantrum' more than a
Excerpt 2
This suggests **offshore**
investors have rapidly unwound long USD asset hedges or
speculative positions.
Excerpt 3
For five pairs (MYR, PHP, IDR, KRW, TWD)
the **offshore**-onshore yield spread is at or near the lowest level over
the past year (Chart 2).
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