The performance of the US dollar significantly diverged from relative rate spreads
The performance of the US dollar significantly diverged from relative rate spreads.
This bulletin, written by Dr. David Kelly, addresses the impact that deflationary fears have had on the Fed's decision to postpone rate hikes.
Market sentiment towards the Chinese currency has shifted significantly
For emerging market fixed income investors, an issuing country's high inflation can lead to higher yields, compared to developed markets.
Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone���s relatively better balance of payments position.
EURUSD should be rangebound
This full report is a comprehensive and detailed analysis of our 10-to 15 year asset class forecasts. US version.