All Currency articles – Page 5
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White papersInfrastructure Debt: Steady Activity, Lingering Macro Doubts
Despite the expected seasonal summer slowdown, infrastructure debt financing deals remained steady overall in the third quarter of 2019—with strong activity in the U.S. and Canada, and slightly slowing activity in Europe, with a cautious eye toward Brexit.
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White papersHow The Dollar Explains the State of the World
The global economy may be changing more slowly than you might think. How the dollar continues to serve as the global currency standard and what it tells is about the economy and the world.
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White papersSeptember Macro Dashboard
Global leading indicators ticked up slightly in August, but remain in contraction territory. While global growth has slowed, risks are tilted to the downside. The mounting toll of higher trade costs, decreased investment and dwindling confidence are weighing on growth.
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White papersForecasting Combination: An Application For Exchange Rates
This paper tries to forecast exchange rates by comparing forecasting methods that take into account cointegration and methods that do not. The first finding is that taking into account cointegration provides better forecasting results.
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Asset Manager NewsECB Easing and Trade Deescalation Boost Markets
The three things you need to know this week: More signs are pointing to U.S.-China trade war de-escalation, ECB launches new stimulus and the PBOC cuts required reserve ratios.
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White papersBritain’s Most Likely Destination
It Won’t Become Some Sort of Hermit Kingdom in the North Sea.
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White papersInitial repercussions of U.K.'s new prime minister
In the first week that Boris Johnson became Prime Minister of the United Kingdom, the Pound Sterling fell by 3.0% against the U.S. Dollar and the odds of a messy no-deal Brexit rose sharply.
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White papersWill trade tensions reshape the world order?
The protectionist wave will almost certainly have a chilling effect on the global economy. But trade growth was slowing well before the US-China spat. In the latest Ahead of the Curve, we assess whether the tariff war is disruptive or merely accelerating trends already underway. And will we find opportunities in this fragmented global system, or only challenges?
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White papersChina’s Currency Weakness: Not as Bad as it Seems—Yet
China’s currency depreciated this week, with the exchange rate rising to more than 7.0 renminbi per US dollar, unnerving investors and markets worldwide. Here’s the good news: we don’t think the renminbi will continue to weaken at the same pace.
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White papersIs a New Front About to Open in the US-China Trade War?
Financial markets are focused on the ongoing trade war between the US and China—which goods and services are in play and what measures are being taken or threatened in each case. But the trade conflict could spill over into currency markets—and that’s a risk that bears watching.
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White papersThe Great Disappearing Trade Deal
The Great China Trade Deal evaporated before our eyes last week and investors should stop hoping it back into existence. In the increasingly tense relationship between Washington and Beijing, tariffs, retaliation and escalation are all just part of the furniture now.
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White papersTurkey: Inflation, Exchange Rate’s Pass-Through And Monetary Policy
Despite a huge collapse in activity, the Turkish inflation is still flirting with 20% yoy and the main monetary policy rate is stuck at 24% for 8 months.
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White papersFactor Investing In Currency Markets: Does It Make Sense?
The concept of factor investing emerged at the end of the 2000s and has completely changed the landscape of equity investing. Today, institutional investors structure their strategic asset allocation around five risk factors: size, value, low beta, momentum and quality.
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White papersIndian elections: political continuity is positive but reform is what matters most
Prime Minister Modi led the NDA to a sweeping victory, with a full majority in Parliament and therefore significant political capital. There was some apprehension in the market ahead of the election and a clear majority will certainly soothe nerves.
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White papersAdoption of SOFR and SONIA as Floating Rate Note Benchmarks
Read an update on adoption of SOFR and SONIA as benchmarks in the floating rate note (FRN) market.
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White papers
Gold/Silver Options Skews: Upside Risk Ahead?
U.S. monetary policy exerts a strong influence on the skewness of currency, gold and silver options. In a normal monetary environment where short-term interest rates are well above zero, investors tend to be more concerned about gold and silver prices rising abruptly than falling.
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White papersWho Will Lead The World Economy?
When we talk about leadership, we also talk about rivalry… and 2018 was undoubtedly a particularly emblematic year of rivalry, especially between the United States and China, and to some extent, between the United States and Europe.
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White papers
Liquidity Insights: Euro FX Responds to Brexit, U.S. Inflation
There are many factors that can influence FX exchange rates, including event risk and fundamental economic data. To manage such risk, traders have often turned to futures and options. Recent events around the world have caused dramatic moves in exchange rates, particularly for currencies impacted by the chaos of Brexit.
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White papers
EM Debt: Investing with Cautious Optimism
Sovereign debt outperformed in Q1 as geopolitical headlines continued to garner attention and commodities rallied. Risks remain for the asset class but some notable headwinds have now become tailwinds.
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White papers
Fed's Five Critical Issues
The Fed is facing five issues that could play a key role in its forward guidance on monetary policy, chief among them being the trade war and the economy.
