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Market Commentary – December 2025

Date: 09/01/2026

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Market Commentary

The US dollar weakened due to soft economic data and less hawkish Fed projections. Elsewhere central bank meetings drove FX moves. We unpick all this and more in our commentary

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Market Commentary – November 2025

Date: 12/12/2025

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Market Commentary

A confluence of factors moved FX markets in November, including uncertainty surrounding the Fed, political shocks, and fiscal challenges. We unpick all this and more in our commentary

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Market Commentary – October 2025

Date: 11/11/2025

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Market Commentary

A confluence of factors moved FX markets in October, including the US Federal government shutdown, political shocks, and fiscal challenges. We unpick all this and more in our commentary

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Market Commentary – September 2025

Date: 13/10/2025

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Market Commentary

A confluence of factors moved FX markets in September, including central bank action, political shocks, and data surprises. We unpick all this and more in our commentary

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Private Wealth and the Increasing Importance of Share Class Hedging for Private Fund Managers

Date: 15/09/2025

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Product

Having different currency share classes within a fund has been a longstanding practice for several fund managers as they have looked to open-up access to their products to broader audiences.

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Market Commentary – August 2025

Date: 11/09/2025

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Market Commentary

Following on from last month’s strength, the US dollar reversed course in August. A weak July employment report, coupled with a dovish pivot by Powell at the Jackson Hole Symposium …

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