Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
John J. Hardy
Global Head of Macro Strategy
Global Head of Macro Strategy
Summary: The reaction to the trade ceasefire started fizzling already yesterday as investors question some of Trump’s claims on what was agreed. Another strong session for the CNY, however, makes its own point and has dragged the USD down again with USDCNY overnight.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity