Currencies
The INR Won’t Decouple From Slowing Growth…
UK: Tight Financial Conditions, Weak Data Support Gilt Overweight…
Tactically Oversold Dollar Will Remain Countercyclical Hedge…For Now…
The Indian rupee remains vulnerable to further depreciation amid slowing growth, tight domestic policy, and fragile capital flows. Trade risks and a weakening external balance will likely keep INR underperforming EM Asia peers.
ZEW Reversal Flags Near-Term EUR Weakness…
RBA Cuts Again, But Market Pricing Is Still Too Dovish…
Despite widespread investor optimism Brazil’s currency outlook is challenged by a toxic mix of poor external, fiscal, and macro fundamentals. Expect BRL to underperform most EM peers.
Sticky Core Inflation Keeps Riksbank on Hold for Now…
US TMT stocks have been delivering miraculous profit performance. Yet, outside US large tech, global equity fundamentals and technicals are troublesome. A near-term USD rebound should be faded.
Chart 1
Inflation And Bond Yields Are Headed Lower…