Macroeconomic Environment Review The US dollar strengthened, albeit unevenly, against other currencies in March. We believe this trend will likely continue throughout the year, influenced by central bank actions and global economic conditions. We expect Europe to lead the way in interest rate cuts, with the Swiss National Bank nearing the end of its easing […]
Macroeconomic Environment Review The first half of February saw the US Dollar index climb nearly 2% as investors grew less optimistic about the Federal Reserve cutting interest rates. This rally peaked on February 13th with higher-than-expected US inflation data. Since then, the DXY has steadily weakened. Among major currencies, the Euro, British Pound, and Swedish […]
Macroeconomic Environment Review January 2024 brought a continuation of the mixed signals observed in December 2023, with equity and FX markets grappling with ongoing uncertainties. The currency markets remained volatile, with the US Dollar maintaining its dominance but facing challenges from resurgent currencies like the Euro. Though January started optimistically for equities, the month ended […]
Macroeconomic Environment Review The last month of the year brought a blend of cautious optimism and lingering uncertainties to the global equity and foreign exchange markets. While equity indices edged higher, reflecting hopes of a resilient US economy and easing inflation pressures, foreign exchange markets were marked by volatility, with the USD emerging as the […]
Macroeconomic Environment Review The month of November 2023 saw the global financial markets experience a rollercoaster ride, with both the FX and US equities markets exhibiting periods of volatility and mixed signals. The US Dollar experienced a volatile month, initially gaining strength on expectations of further interest rate hikes by the Federal Reserve. However, the […]
Macroeconomic Environment Review The FX and US equities markets continued to be volatile in October. The US Dollar strengthened against most major currencies, while US equities markets declined further. These moves were driven by several factors, including rising US interest rates, a strong US dollar, and global economic uncertainty. More specifically, the US Dollar Index […]
Macroeconomic Environment Review The FX and US equities markets were both volatile in September. In particular, the US dollar strengthened against most major currencies in September, with the exception of the Japanese yen. The US Dollar Index, which measures the value of the Dollar against a basket of six major currencies, rose by 1.5% over the […]
Macroeconomic Environment Review Global equity markets declined in August, as investors grappled with a combination of factors, including concerns about rising interest rates, the ongoing war in Ukraine, and the potential for a global recession. Conversely, the US dollar continued to rally as investors bet on the relative strength of the US economy and the […]
Macroeconomic Environment Review The US dollar initially fell in July on the back of lower-than-expected inflation figures and expectations that the Fed may be nearing the end of its tightening cycle. However, the dollar rebounded in the second half of the month as economic data from the US continued to improve and the market trimmed […]
Macroeconomic Environment Review The currency movements in the first half of the year were influenced by a mix of factors, including economic fundamentals, policy reactions, and market conditions. The global recovery drove the market in the first quarter, with a strong performance from the Euro area and China, but there was a slowdown in the […]
