QCAM Monthly July 2022

QCAM Insight

The USD staged a massive rebound in June and early July boosted by a hawkish Fed and global recession fears. The USD is overvalued and the interest rate advantage is declining but.

Economy and Interest Rates

Growth forecasts continue to slide lower. Recession is not imminent given the recovery momentum from the Corona pandemic but it is a clear and present danger. Consumers respond more negatively to high inflation and…

FX Markets

The USD surged in June and early July and the USD DXY is now up 10.5% since the start of the year. The CAD has held up best versus the USD both over the last six weeks as well as YTD. Among EM currencies…

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.