Dr. David Kelly discusses the economic impact of the ECB���s decision to use NIRP to boost the European economy.
At its July meeting, the U.S Federal Reserve (the Fed) cut rates for the first time since December 2008.
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.
The performance of the US dollar significantly diverged from relative rate spreads.
Market sentiment towards the Chinese currency has shifted significantly
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
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