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Eurizon SLJ Capital
  • Being Eurizon
  • Investments
    • Investments Overview
    • Local Emerging Markets Debt Strategy
    • Bond Aggregate RMB Strategy
    • Enhanced Currency Strategy
    • Global Macro Strategy
  • Research
    • Research
    • Advisory Services
    • The Dollar Smile
      • The problem is debt, not the debt ceiling
      • Rapid Erosion of USD Dominance as a Reserve Currency
  • Insights
    • Insights
    • Podcasts
  • Our Team
  • Media

Developed Markets

My thoughts on currencies

By Stephen Jen | April 22, 2025

The future trajectory of the Trade War remains highly uncertain, with too many permutations for us to plan for…

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The Risks of Export Dumping by China

By Stephen Jen | April 15, 2025

As tensions between Washington and Beijing escalate, Stephen Jen and Joana Freire explore a powerful second-order consequence: the redirection of Chinese

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The Long-Awaited Dollar Correction Finally Commencing

By Stephen Jen | April 7, 2025

We ceased to be dollar-positive some two years ago and stressed our bearish view on the dollar throughout H2 2024.

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My thoughts on currencies

By Stephen Jen | March 28, 2025

In this wide-ranging note, Stephen Jen offers a two-layered view of the current macro landscape: one focused on the underlying…

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A Strong Core Europe = Higher Centrifugal Force

By Stephen Jen | March 18, 2025

Europe’s cyclical outlook is finally brightening, driven by a decisive fiscal pivot, especially in Germany.

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A ‘MAGA SWF’: Don’t Dismiss This Idea

By Stephen Jen | February 18, 2025

A ‘MAGA SWF’: Don’t Dismiss This Idea: We do not believe President Trump’s idea of a SWF (sovereign wealth fund) should be dismissed.

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A ‘Mar-a-Lago Accord’ on September 22, 2025?

By Stephen Jen | January 28, 2025

A ‘Mar-a-Lago Accord’ on September 22, 2025?: Reached on September 22, 1985, the Plaza Accord was an agreement by the G5 countries to coordinate….

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The Puzzle: Short-Term Volatility But Clarity Around the Medium-Term Path?

By Neil Staines | July 26, 2024

In our last piece, we discussed the evolution of activity in the real economy, both in the UK following the most recent (arguably dovish) MPC…

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US Growth and Inflation Paths Make Confidence a Preference

By Neil Staines | July 12, 2024

In our last piece, we discussed the evolution of activity in the real economy, both in the UK following the most recent (arguably dovish) MPC…

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Are US Rate Cuts Just Round the Corner?

By Neil Staines | June 28, 2024

Last week, we discussed the most recent monetary update from the Bank of England. The MPC voted to leave rates unchanged at 5.25%…

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Recent Posts

  • Banking on Complexity: UK’s Economic Challenges and Global Policy Shifts
  • Section 899: Don’t Take It Too Seriously
  • Market Calm or Complacency? Inflation, Trade, and Volatility Risks
  • Why is Resurrecting Manufacturing Important for the US?
  • Data vs. Disruption: A Critical Week for Markets

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