All Currency articles – Page 7
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White papersCross Asset Investment Strategy - December 2018
This year has proven to be challenging for portfolio construction, as well as regarding returns. To put this into perspective, for 2009-17, our analysis shows that each year, on average, 76% of major asset classes (including different regional government bonds, equity, inflation-linked, currency and commodities) recorded positive performances.
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White papersFrom G20: Short-Term Relief, But It Is Not The Final Word On Trade Disputes
The latest G20 demonstrates some temporary progress in the US/China relationship. An increase of tariff rates in January 2019 was put on hold and the possibility for an additional tranche of tariffs for the rest of US imports from China ($267bn) is also further delayed, at least. China has found the right entry point to give some concessions to the US on sensitive topics for President Trump.
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White papersChina & Brazil: Currencies on Diverging Paths?
The election of a new leader in Brazil and the escalating Sino-U.S. trade war could send their currencies, the real and yuan, on diverging paths.
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White papersCan CME Bitcoin Futures Be Used Effectively by Crypto-Fund Managers?
See how investors can use CME Bitcoin futures to establish benchmark equity index exposure and develop alpha-generating strategies.
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White papersWhy investors are wrong about the role of the dollar
A new theory about the US dollar is challenging the way economists and markets think about currencies.
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White papersManaging emerging market currency exposures
Conventional wisdom says long-term investors in emerging market assets will bene t from the respective currencies appreciating as these economies grow. Hedging this risk makes little sense as it would wipe out a potential source of returns.
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White papersBanking problems impede India’s reforms
There has generally been a positive response to Prime Minister Narendra Modi’s structural reforms, but there has been an investment slowdown in the medium-term, and recent scandals, huge bad loans and ATM cash shortages imply a banking system that is in crisis – to the tune of $210 billion.
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White papersWhat to know about investing in China
There used to be a lot of concern around China’s old industrial economy, but supply-side reforms have curtailed excess capacity.
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White papersWhy sustainable growth supports ASEAN equities
The Association of Southeast Asian Nations is in a cycle of high-quality, balanced economic growth, with China leading the way.
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White papersAsset Allocation Update: Strong earnings prompt US equities upgrade
Amid background noise such as ongoing trade skirmishes involving the US, the evolving Chinese economy and geo-political tensions, we have spent time analysing recent market movements and the implications for risk assets.
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White papersEuro-Dollar Caught in a Fiscal-Monetary Tug-of-War
The exchange rate between the euro and U.S. dollar has been trading in a narrow range for the past eight months due to monetary and fiscal policies on both sides of the Atlantic pulling in opposite directions.
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White papersOpportunities in Emerging-Market Local Currency Bonds
As the emerging-market debt asset class continues to evolve and expand, investors are increasingly looking for strategies that are dedicated to the segment of the market denominated in local (i.e., domestic) currencies versus hard/external currencies [i.e., the US dollar (USD) or euro]. Rationales range from diversification benefits and inflation hedges to reducing external debt vulnerabilities such as US interest-rate risk on USD-denominated emerging-market bonds within a portfolio. We see several compelling reasons to consider emerging markets and, in particular, local currency bonds.
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White papersThe inflation pendulum
It’s not good to have too much or too little inflation, but trying to get a huge pendulum the size of the US economy to settle in the middle is very difficult.
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White papersThe employment enigma: why is there no inflation?
After years of monetary stimulus, zero interest rates and quantitative easing, the global economy is now experiencing strong, synchronised growth.
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White papersSparkling performance boosts luxury goods
The past two years has seen a pick-up in luxury goods, as the global economy continues to expand.
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White papersGoing global with a consistent small cap strategy
‘Big is best’ is not an adage that we subscribe to with the Threadneedle Global Smaller Companies strategy: we concentrate on high-quality growing companies that we believe are undervalued by the market – and we do so on a global scale.
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White papersMonthly FX Report
Keep up with what the market is saying and what’s happening in our marketplace.
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White papersReplicating OTC FX Market Positions with CME FX Futures
Explore the advantages that CME FX futures offer traditional market practitioners in the OTC FX markets, and how CME FX futures can be used to replicate cost-efficient, manageable synthetic exposure to OTC FX spot, forwards, and swaps.
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White papersThe Greenwich Perspective: A Bright Future for FX Futures
Greenwich Associates recently published a paper assessing the value and viability of FX futures as a proxy to the OTC FX market.
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White papersDaisuke Nomoto: Japan - more tailwinds than headwinds for 2018
With GDP on a sustained growth track, supported by structural reforms and the Bank of Japan’s accommodative monetary policy, we maintain a positive outlook for the region.
