Frontpage QCAM Monthly August 2021
QCAM Monthly August 2021

QCAM Insight

While currency markets struggle to find direction in the near-term, longer-term FX factors are starting to take shape. One is the development of relative inflation performance and the impact on purchasing power parity. We think that current inflation pressures are largely temporary. Still, a different inflation environment seems to be evolving. In our view, …

Economy and Interest Rates

The global recovery advanced in the second quarter, but not evenly. Developed countries accelerated thanks to the vaccination progress, while emerging markets slowed, plagued by new Corona infections. Overall the pace of the recovery seems to have peaked while…

FX Markets

The USD bounced after the Fed meeting and the USDDXY rose 2.7% in June. Hardest hit was the SEK (-4.4%) and least affected was the JPY (-1.3%). Among EM currencies,…

FX Analytics

The USD rally stalled in the second half of July. The best performing currencies over the last month were the CHF and the JPY, which both benefitted from rising risk aversion. EM currencies were mixed,…