Macroeconomic Environment Review The Russia-Ukraine war remains a source of uncertainty but has not derailed financial markets. Europe is still most at risk and commodity currencies remain a good hedg...
Macroeconomic Environment Review Russia’s attack on Ukraine and the firm response by Western allies are both sea changes with far-reaching consequences. The near-term outlook is very uncertain but the...
Macroeconomic Environment Review Currency markets have been on a rollercoaster ride since the start of the year, primarily affected by two major themes: rising global growth optimism and a more hawkis...
Macroeconomic Environment Review The economic activity across the developed world has reaccelerated in the fourth quarter of last year. The Omicron variant is expected to temporarily disrupt but not t...
Macroeconomic Environment Review The Dollar was the winner of 2021, appreciating 6.9% year-to-end of November versus the other major currencies and 11% versus EM currencies. However, Dollar’s pe...
Macroeconomic Environment Review Currency performances diverged in October. The US Dollar was broadly stable, but the Japanese Yen fell while most other major currencies rallied. The different currenc...
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 reas...
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 le...
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 M...
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...
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 pe...
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 inte...
