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Price action in markets deprived of tier-one macro data over the Christmas and New Year period has centred on acute volatility in US and global equities, with sizeable intra-day swings including a temporary flash crash in the USD/JPY cross below 105 on 3rd January. The US government shutdown, ongoing concerns about the US-China trade war, the slowdown in global economic
Read moreToo little attention has been paid to the global rise in central bank policy rates in the past 6-7 months and its implications for economic growth, CPI-inflation and currency and rates markets. Central bank rate hikes in Emerging Market (EM) economies, along in some cases with central bank FX intervention and other policy measures, have helped stabilise under-pressure currencies, particularly
Read moreIn this FIRMS report we take a closer look at the Dollar, Sterling, high-yielding currencies and low-yielding Asian currencies, including the Chinese Renminbi. This is a summary – Read the full research piece here Olivier DesbarresOlivier is an economist and rates & FX strategist with over 22 years experience in financial markets. He is Director and Founder of
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