The Japanese yen is the only “major” currency to have fared worse than the US dollar since the middle of August. Nonetheless, we think that its fortunes will improve against the greenback. Our...

Judging by what has happened in recent months, President Trump’s attitude to global trade could remain a more important driver of the US dollar than the prospects for monetary policy in the US and...

The fact that emerging market (EM) equities have dropped a long way recently does not mean that they cannot fall much further, or that they are likely to perform much better than their US peers in the...

Ten years after the collapse of Lehman Brothers, there are concerns that the financial markets will bring the global economy to its knees again. We do not think, however, that they will be a major...