Macroeconomic Environment Review Currency markets remained broadly directionless during the past month driven by changing market perceptions of relative monetary policy adjustments. The US Dollar was...
Macroeconomic Environment Review Financial and currency markets are on a roller coaster driven by the fear of recession and hopes that central banks will have to slow the pace of tightening soon. Poli...
Macroeconomic Environment Review The risk of recession in the major economies has increased yet financial markets are not very intimidated, hoping that central banks will prevent the worst. The USD sl...
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Macroeconomic Environment Review The US Dollar has been the supreme performer so far this year. The US Dollar Index rallied 9.7% from the start of the year through the middle of May. USD strength was...
Macroeconomic Environment Review The US Dollar rallied across the board in April. The Dollar Index (DXY) surged nearly 5% in April with all other major currencies down significantly versus the greenba...
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...
