The USD rallied across the board in September on persistent growth concerns and perceptions of a less patient Fed. Stagflation angst is spreading and supporting the bullish USD narrative. In our view, the USD has more…
Economy and Interest Rates
Global growth concerns (Delta-variant, supply-side bottlenecks, China) are showing up in softer data releases as well as downward growth revisions. In our view, these factors are temporary and unlikely to derail the global recovery.
The USD gained across the board over the last month on global growth concerns and more hawkish Fed statements. Among major currencies, the EUR was the biggest loser followed by the SEK and the AUD, while the CAD held up well (oil). In EM,…
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