Macroeconomic Environment Review The US Dollar rallied across the board in September, gaining 1.7% versus the rest of the major currencies and 2.9% versus the Emerging Market currencies. The main reason why the greenback received more support during the past few weeks has to be the persisting concerns over global growth and how the Fed […]
Macroeconomic Environment Review Currency markets continued to struggle for direction over the last month. The spread of the Delta variant plus disappointing economic data releases around the world led to increased uncertainty but also delayed Fed tapering expectations, leaving the US Dollar broadly range-bound. In our opinion, mixed signals will continue to dominate the near-term […]
Macroeconomic Environment Review Currency markets have struggled for a clear direction so far this year. The Dollar rebounded in Q1 on the vaccination advantage in the US and fell back in April and May as other major economies accelerated their vaccination programs. The US currency rose again in June on more hawkish Fed projections but […]
Macroeconomic Environment Review During June the Dollar bounced on the back of the Fed meeting. The Dollar Index rose 2.7% with the hardest hit being the Swedish Korona (-4.4%) and the least affected being the Japanese Yen (-1.3%). Still, equity markets remain optimistic about future growth, while interest rate markets have become pessimistic. FX markets […]
Macroeconomic Environment Review Last month proved to be another poor month for the US Dollar, following on the back of April’s decline. The US Dollar Index, a basket of several of the buck’s major peers, declined by 1.4% during May after a -2.1% drop in the month before. Among the best performers against the US […]
Macroeconomic Environment Review April was a rather disappointing month for the US Dollar, with losses against its peers that drove the benchmark US Dollar Index lower by 2.1%. The rise in the US interest rates faded eventually and that led the greenback to the downside, with the likes of the Euro (+2.4%), the Swiss Franc […]
Macroeconomic Environment Review Last month was a strong one for the traditional asset classes on the back of the positive bias we discussed in our previous monthly communication. Led by the massive stimulus package, the US economy seems to be building momentum with retail sales picking up substantially: Bloomberg reported that credit and debit card […]
Over the past month, news headlines revolved around the upbeat global growth prospects in tandem with the improved geopolitical and macro sentiment. Investors grew optimistic as there’s progress, albeit slow, in the number of Covid-19 vaccinations while fresh economic data and recent surveys also pointed towards a global recovery.
The greenback started 2021 on a strong footing amid a prolonged state of uncertainty and continued financial markets’ volatility. The question, from a macro perspective, remains “will this be a stronger year for the Dollar?”
During the final weeks of 2020, investors were focused on the positive news coming from the pandemic’s front. Headlines that vaccinations have started taking place around the world are spreading optimism and, as a result of that, the global financial markets are looking upwards.
US elections done and dusted (?) – Month in Review: October 2020
Following September’s decline, the S&P 500 retreated further during October as the run-up to the US...
Inflation dynamics and Central Bank policy to shape the Dollar’s outlook – Month in Review: May 2023
Macroeconomic Environment Review In May, the US Dollar performed strongly, with the US Dollar Index...
