Biden’s trump cards and challenges

Biden’s trump cards and challenges

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Barring another dramatic twist in an already torturous two months of political upheaval, Joe Biden will find a very full in-tray when he settles into the famed Oval Office in eight days time....
Biden’s trump cards and challenges

Far more to Renminbi than USD/CNY cross

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research The prevailing market view, as depicted in a recent Reuters article, is seemingly that Chinese policy makers are happy to allow further Renminbi appreciation versus the Dollar driven by a...
Biden’s trump cards and challenges

Time is priceless but has a steep cost

Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Research While some countries, including Sweden and United states, have eschewed national lockdowns over the past nine months or so the vast majority have adopted unprecedented measures to deal with a once...
Biden’s trump cards and challenges

US Dollar – Calm before the storm?

Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Research The Dollar has treaded water in the past three months, in line with our benign view that “forecasts of the Dollar’s demise as the world’s number one reserve currency are at best extremely...
Biden’s trump cards and challenges

PBOC likely to keep Renminbi on tight leash

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Only four currencies have appreciated by more than 4% versus US Dollar since end-July: the high-yielding South African Rand (4.6%) and Mexican Peso (5.8%), the Chinese Renminbi (4.4%) and...

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