«The Kevin and Scott Show»
The USD traded slightly weaker in August with some volatility courtesy to Scott Bessent and Kevin Warsh. The mix of growth fundamentals and monetary/fiscal policies provides no clear direction. Much will depend on actual data and policy delivery. The USD still enjoys a carry advantage, …
Economy & Interest Rates
Global economic conditions continue to improve gradually despite renewed tensions in the Persian Gulf and resulting oil supply shortages as well as growing AI anxieties. Business confidence has held up, and consumer confidence has stabilized. The US remains the global engine of growth, …
FX Markets
The USD DXY slipped 0.3% over the last month with all major currencies gaining versus the USD except for the JPY and the SEK. The performance of EM currencies was more mixed with gains in the CNH and INR and losses in the RUB, TRY and BRL. Long USD speculative positions …
FX Analytics
There have been few position changes over the last four weeks. We kept the discretionary Macro positions at neutral given thee range-bound currency outlook with increased volatility risks (see Insight, page 1). In Business Sentiment, …
