The Japanese yen remains on course for our long-held forecast of 120 against the dollar next year, which is based largely on our view that the Fed will raise US interest rates more aggressively than...

Emerging market currencies have been one of the major casualties of the global sell-off since the November 8th US elections. Some, including the Turkish lira and South African rand, are likely to...

While Donald Trump’s plan to tax retained corporate income held offshore at 10% could encourage US multinationals to repatriate funds, we doubt that it would provide a big boost to the S&P 500.

More emerging market (EM) central banks may step in to support their currencies by selling reserve assets if risk appetite takes another turn for the worse. But unless China is forced into aggressive...