House View: Risk-off move boosts JPY, CHF
The strong dollar trend is wilting as weakening risk sentiment sees JPY and CHF bid. Meanwhile, high oil prices are providing headwinds for EM and global growth.
Saxo Bank’s head of macroeconomic research Christopher Dembik explains his thoughts regarding credit impulse which indicate a global slowdown this year.
Deep economic slowdown is taking place in China, he says, but warns that many are underestimating the effect it could have on the global economy.
Read more of Dembik on credit impulse here.