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Market commentary – February 2025

Date: 12/03/2025

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Market Commentary

Uneven tariff talk and weaker outlook weigh on USD tariffs remained front and centre throughout February as markets re-evaluated the credibility of Trump’s threats. Following the postponement of tariffs on …

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Trade, Trump and stability of the Chinese yuan

Date: 05/03/2025

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Outlook

The concept of stability in the Chinese currency has been of great interest to investors, especially since the introduction of the People’s Bank of China’s (“PBoC”) preferred measure of CNY …

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Market commentary – January 2025

Date: 10/02/2025

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Outlook

DeepSeek AI sows uncertainty in FX markets economic data largely played second fiddle to the headlines this month, with FX price action driven primarily by President Trump’s tariff threats and …

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Market commentary – December 2024

Date: 07/01/2025

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Market Commentary

FOMC wraps up 2024 with hawkish cut Major central banks convened in droves ahead of the holidays, making their final policy decisions of the year and setting the tone for …

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Key investment risks for 2025

Date: 20/12/2024

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Outlook

As we look ahead to 2025, an interplay of macroeconomic and geopolitical risks dominate the investment landscape. In our latest research note, Andrew Bloomfield addresses each key risk in turn …

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Market commentary – November 2024

Date: 09/12/2024

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Market Commentary

Trump Election Victory Pushes USD to 12-Month High Global political developments dominated the FX space in November with the U.S. presidential election acting as the primary driver of broad dollar …

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