Currencies

In our last piece, we discussed the most recent developments in the inputs and official commentary on central bank monetary policy…

In our last piece, we discussed our views of the impact of credit concerns in the (small) banking sector and how they appeared to differ from central market expectations…

Last week, we discussed the two dominant schools of thought in the macro space that have evolved…

Last week, we discussed the implications of the ongoing credit conditions repricing in the US, in the context of the Fed narrative…

Last week, we discussed the RBA rate decision, the recent commentary from Bank of England…

While it remains unclear what the magnitude of the banking sector concerns will be on the real economy, it is clear that the seriousness of the issue likely leads to a new wave of bank or asset regulation…

Last week we discussed the continued focus of Developed Market Central Banks on the prospect of continued above trend or ‘sticky’ inflation…

Last week we discussed the evolution of the monetary impulse in developed markets this year.

We are now increasingly of the view that the ECB, Fed, BoE, BoC, RBA and SNB have reached the end of their respective policy hiking cycles…