News

QCAM Monthly April 2021>> Ides of March or April weather?

  • 08.04.2021
  • FX Monthly

QCAM Insight

The USD strengthened in March on the back of improved economic sentiment and rising bond yields. The QCAM FX BIAS product captured the USD rally well. However, is this the start of a new USD uptrend? Business sentiment surveys already signal new changes. Different cross currents are likely to result in a more mixed FX performance in April before a new trend emerges.

Economy and Interest Rates

First-quarter growth held up well despite the spike in Corona infections and growth forecasts for 2021 have been raised. However, there are significant differences by country and region, largely driven by the progress in fighting the Corona virus.

FX Markets

The USD strengthened versus all major currencies in March except for the CAD (the USD DXY was up 2.6%). Safe-haven currencies like the JPY and the CHF underperformed the most.

FX Analytics

Going into more detail: Based on our proprietary analytical framework to take scalable exchange rate positions we are taking a close look on individual currency pairs.

Download: QCAM MONTHLY April 2021

Follow-Up results

This is next in your query
QCAM Monthly June 2021 >> The new theme on the block

The USD declined further in May as vaccination and recovery momentum increased in other economies....» mehr

QCAM Monthly May 2021 >> Mixed picture with e...

The USD fell back in April as the rise in US interest rates faded. No strong trend has yet emerged a...» mehr

QCAM Monthly April 2021>> Ides of March or April weather?

The USD strengthened in March on the back of improved economic sentiment and rising bond yields. The...» mehr