Listen to a short summary of this report. Executive Summary Chart 1The Dollar Has Broken Below The First Line Of Support The softer CPI print in the US boosted growth plays and pushed the DXY index below…
Listen to a short summary of this report. Executive Summary The Euro And The Chinese Credit Impulse The US dollar has bounced off its 50-day moving average. In the recent past, that had led to a period…
Listen to a short summary of this report. Executive Summary The Dollar Rises During Recessions At 106.5, the dollar DXY index is certainly pricing in a recession deeper than during the Covid-19 crisis.…
Executive Summary The Dollar And Volatility The dollar continues to be bid, as volatility rises. The MOVE volatility index is making fresh cycle highs and has pushed the DXY index above our stop level of 107 (Feature Chart…
In this Strategy Outlook, we present the major investment themes and views we see playing out for the rest of the year and beyond.
Executive Summary Is Relative Inflation Peaking In The US? The dollar has likely peaked in the near term. An unwinding of speculative bets, based on structurally higher inflation in the US, is the key driver (Feature Chart…
Listen to a short summary of this report. Executive Summary The Dollar Likes Volatility Uncertainty about Fed policy has supercharged volatility in bond markets, and correspondingly, USD demand (Feature…
Executive Summary A True Bond Bear Market, USD-Hedged Or Unhedged The US dollar has appreciated in 2022, most notably against the euro and Japanese yen. The rally has been more muted against the currencies of major US…
Listen to a short summary of this report. Dear Client, In lieu of our weekly report next week, I will be hosting a webcast on Tuesday with my colleague Mathieu Savary, Chief European Strategist, on the implications of…
Executive Summary The Dollar Has Broken Above Overhead Resistance Most central banks continue to dial up their hawkish rhetoric, led by the Fed. This is putting upward pressure on the dollar (Feature Chart). The big…