Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
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Weekly FX Chartbook: The return of US exceptionalism
Charu Chanana
Head of FX Strategy
Summary: After a heavy week of dovish undertones from the key central banks last week, focus has returned to US exceptionalism coming in sharp contrast to the need for bringing forward rate cut bets from the likes of Bank of England or Reserve Bank of New Zealand. The Chinese yuan is also under scrutiny after flip-flop in PBOC fixing potentially as a result of yen weakness extending further. Earnings from property developers and banks in focus in China this week, and could have repercussions for CNH and AUD.
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