FICC
| Currencies
Near-term trades and longer-term views on every major developed and emerging market currency.
In today’s Strategy Insight, we discuss the monetary policy outlook for the Bank of Japan, following the 25-bps rate hike overnight, and what it means for JGBs and the yen.
This week’s report looks at the US dollar, from the lens of one very cyclical currency – the Australian dollar.
In this week’s report, we look at the likely trend for bonds yields and the dollar in the coming months.
This report reviews our FX and Fixed Income trades over the last year. We look forward to sharing our thoughts for 2025 next week.
October CPI numbers for Canada, the UK and Japan were released last week. This Strategy Insight examines the respective underlying drivers of inflation in those three economies and discusses the implications for monetary policy.
This week, we update our Central Bank Monitors (CBMs), that help us calibrate how monetary policy should be adjusted in developed-market economies. Our conclusion is that while overall, easier monetary settings are required, there a few trade ideas that arise from the divergences in signals amongst G10 countries.
This Strategy Insight presents our view on today’s rate cut by the Bank of England as well as the budget announced by the UK government last week.
The latest Bank of Japan meeting did not alter our high-conviction views of being long the yen and underweight JGBs.