Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Global Head of Macro Strategy
Summary: Today saw a further shift from JPY strength to JPY weakness, once again showing that the yen can only thrive when the pressure on risk sentiment is particularly intense. Elsewhere, the AUD is in the dumps as traders price in a June RBA cut and its commodity dollar counterpart CAD is riding high.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity