Olivier DesbarresSterling — Fuel for thoughtI will be speaking on the “Fixed Income and FX” panel at the (virtual) Global Independent Research Conference on 13th October at 12.30 (UK…Oct 1, 2021
Olivier DesbarresMacro data dog not wagging FX market tailUS macro data, including measures of US inflation, non-farm employment, retail sales, manufacturing output, ISM PMIs and consumer…Sep 22, 2021
Olivier DesbarresLow global FX vol: maturity or complacency?Global FX volatility — as measured by the 5-day Standard Deviation (SD) in the daily percentage change in the spot (closing) price of a…Aug 12, 2021Aug 12, 2021
Olivier DesbarresNot “risk-on” or “risk-off”, rather What’s the risk?In the past fortnight US Treasury yields across the maturity spectrum have oscillated in reasonably wide ranges, with the highs coinciding…Jul 23, 2021Jul 23, 2021
Olivier DesbarresSterling’s coming home…albeit slowlyDespite buoyant domestic expectations (or at least hope) football will not be coming home after the England football team lost on penalties…Jul 16, 2021Jul 16, 2021
Olivier DesbarresSterling — Fuel for thoughtI will be speaking on the “Fixed Income and FX” panel at the (virtual) Global Independent Research Conference on 13th October at 12.30 (UK…Oct 1, 2021
Olivier DesbarresMacro data dog not wagging FX market tailUS macro data, including measures of US inflation, non-farm employment, retail sales, manufacturing output, ISM PMIs and consumer…Sep 22, 2021
Olivier DesbarresLow global FX vol: maturity or complacency?Global FX volatility — as measured by the 5-day Standard Deviation (SD) in the daily percentage change in the spot (closing) price of a…Aug 12, 2021
Olivier DesbarresNot “risk-on” or “risk-off”, rather What’s the risk?In the past fortnight US Treasury yields across the maturity spectrum have oscillated in reasonably wide ranges, with the highs coinciding…Jul 23, 2021
Olivier DesbarresSterling’s coming home…albeit slowlyDespite buoyant domestic expectations (or at least hope) football will not be coming home after the England football team lost on penalties…Jul 16, 2021
Olivier DesbarresSterling leads Euro 1–0 at half-time in dull encounter but could extend advantageWith England due to play Germany in the last-16 round of the Euro Championships in a few hours time, now is a good time to revisit the…Jun 29, 2021
Olivier DesbarresDollar and the three bearsThe US Dollar Nominal Effective Exchange Rate (NEER) traded in a narrow range of 1.8% between late-2020 and early March, according to our…Apr 19, 2021
Olivier DesbarresCrunch time for Singapore Dollar and RenminbiWe estimate that the USD-value of central bank FX reserves — adjusted for currency-valuation effects — in China, India, Indonesia, Korea…Apr 1, 2021