Archive for: September, 2021

Weekly Market Update

Post date: 27/09/2021 11:27 We have been pushing for a while the idea that currency markets will now be mostly, if not exclusively, about the relative pace of central bank policy tightening, with inflation data a close second. In line with this narrative, the Norwegian Krone was the week’s best performer on the back of…

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Weekly Market Update

Post date: 20/09/2021 11:20 In a week when markets mostly marked time waiting for this week’s Federal Reserve September meeting, the main news was the relentless rise in energy prices, even as inflation data for August in the US came slightly softer than expected, and Eurozone inflation was confirmed at a 10-year high. The general…

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Weekly Market Update

Post date: 13/09/2021 11:59 The stagflation concerns from the August payroll report in the US were confirmed by another labour market report (JOLTS), which showed unfilled job openings soaring to another all-time high in July. Yields continued to march higher worldwide, risk assets wobbled, and major currencies did not do much of anything, staying within…

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Weekly Market Update

Post date: 06/09/2021 11:51 The Federal Reserve cannot be happy with the US payroll report for August. Weaker than expected employment growth shared the headlines with strong wage gains, suggesting that inflationary pressures will not be as transitory as it hopes. The US dollar promptly sold off even as US yields rose, a reversal of…

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