The IMF was at pains to highlight the threat of capital outflows from emerging markets (EMs) in the April edition of its World Economic Outlook. But the recent rally in EM financial markets seems to...

The recent weakness of the dollar has provided a boost to the US stock market which we do not expect to last. Admittedly, we do not anticipate another big increase in the US currency’s trade-weighted...

We think the yield of 10-year Bunds is unlikely to follow that of Japanese government bonds (JGBs) in turning negative, despite the fact that it came within a whisker of its historical low at the...

Three key developments explain the US dollar’s slide against other major currencies since its peak on 20 th January – higher commodity prices, increased appetite for safe havens and a scaling back of...