Executive Summary Low-Yielding Countries Facing High USD Hedging Costs The US dollar will remain strong alongside continued Fed rate hikes. Interest rate differentials will remain positive for the greenback, alongside other…
The Swiss KOF Economic Barometer continued its descent in August, falling four points to 86.5 – below its long-term average. The deterioration was broad-based with all variable groups contributing negatively to the headline…
Executive Summary Cheap But Challenged European equities have bottomed in absolute terms, but they are still underperforming US ones. Eurozone equities are very cheap compared to US ones, but their profitability remains…
Listen to a short summary of this report. Executive Summary A Beacon Of Hope For AUD Along with the Canadian dollar, the Aussie has been one of the best performing currencies during a broad-based dollar…
Highlights The odds of a Goldilocks outcome for the US economy increased somewhat in August, but the risks of a US recession over the coming year remain quite elevated. We continue to recommend that investors stay neutrally positioned…
Executive Summary US Companies Will Attempt To Raise Selling Prices To Protect Their Profit Margins China needs lower interest rates and a weaker currency to battle deflationary pressures. In the US, the main problem is…
After a brief reprieve since mid-July, EUR/USD has once again broken down over the past week, falling below parity on Monday. The euro’s unrelenting decline over the past year has made it an attractive buy on a valuation…
CNY weakness versus the USD accelerated over the past week. USD/CNY broke above its May peak of 6.8 on Friday and continued to march higher on Monday. Does the yuan face further downside? In Monday’s BCA Live &…
Listen to a short summary of this report. Executive Summary Euro Bulls Are Evaporating The euro is likely to undershoot in the near term, as the winter months approach and economic volatility in Europe…