The SNB remains on hold, but the bar for further easing is falling quickly – even as Switzerland secures a breakthrough trade deal with the US. With CHF now pressing against a policy ceiling, the franc looks increasingly attractive…
Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down…
Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down…
The latest BIS Triennial Central Bank Survey reaffirms the US dollar’s dominance in global FX markets, highlighting the structural challenges of truly moving away from the USD-centric financial system. The survey conducted in…
Expect greater currency interventions and negative policy rates from the Swiss National Bank (SNB), reinforcing a neutral stance on CHF and Swiss sovereign debt over the next 12 months. In recent joint statement on foreign…
In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.
The European economy is losing altitude; and the second half of 2025 could get bumpier.
Join Mathieu Savary and Jérémie Peloso for our European Investment Strategy Webcast as we break down the key drivers shaping the outlook for…
In this Insight, we highlight our strong conviction trades based on the central bank meetings held by the Bank of England, the Norges Bank, the Swiss National Bank and the Riksbank.
In this FX note, we provide a rationale for why it is important to pay attention to technical indicators, while still keeping your eyeball on the structural factors that drive currencies. This report answers the following questions:…