The performance of the US dollar significantly diverged from relative rate spreads.
David Kelly, the Fed, interest rates
EURUSD should be rangebound
Market sentiment towards the Chinese currency has shifted significantly
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.
For emerging market fixed income investors, an issuing country's high inflation can lead to higher yields, compared to developed markets.