Archive for: May, 2021

Weekly Market Update

Post date: 24/05/2021 11:04 In a week with few moves of note among major currencies, a hawkish turn by the central banks in Eastern Europe stole the spotlight and propelled the Polish zloty and Hungarian forint to the top of the EM currency performance rankings. Commodity prices pulled back, which had the predictable effect on…

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Weekly Market Update

Post date: 20/05/2021 9:29 Risk assets worldwide are hanging on near all-time highs, but are looking wobblier after a week that saw the inflation surprise in the US we had been warning about for some time. Considering the scale of the surprise, it’s somewhat surprising that US 10-year Treasury rates only rose by 0.04%. Nevertheless,…

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Weekly Market Update

Post date: 10/05/2021 15:35 A much weaker-than-expected labour report broke the string of positive economic surprises out of the US and sent the dollar tumbling versus almost every major currency worldwide. Bond yields fell and commodities soared once again, dragging upwards commodity dependent currencies. In the G10, the Australian, New Zealand and Canadian dollars, together…

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