QCAM Monthly May >> Don’t fight risk aversion
QCAM Monthly May 2022 QCAM Insight The USD outperformed across the board in April on rising global growth concerns and risk aversion. The Fed’s lead in the hiking cycle further supported the USD. We think… Economy and Interest Rates The Ukraine war, China’s lockdown, high inflation and rising interest rates weigh on sentiment and slow the global economy. Developed markets, especially Europe, are hit harder than emerging markets. Recession still seems to be… FX Markets The USD rose strongly in April versus all major currencies. Year-to-date, the USD DXY is up a stellar 8%. The JPY is the [...]