Dollar and the three bears

Dollar and the three bears

Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Research The US Dollar Nominal Effective Exchange Rate (NEER) traded in a narrow range of 1.8% between late-2020 and early March, according to our estimates. The Dollar then embarked on a 3-4 week...
Fed preview – Shock and awe, or Spock and snore?

Fed preview – Shock and awe, or Spock and snore?

The market is going dotty over the Fed The only question today (again) is whether Powell is going to stick to the script or jawbone on rates. Given his recent comments, the logical conclusion (that’s the Spock reference BTW) should be that he sticks to his old...

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