The recovery in commodity prices over the last week or so has eased the selling pressure on the dollars of Australia, New Zealand and Canada since the start of the year. However, we wouldn’t be...

In the light of the recent turmoil we are revising our forecasts for Japan’s currency and equity prices. Nonetheless, we continue to expect a combination of better news from China, a partial recovery...

We have reduced the amount by which we forecast the dollar to strengthen against the euro and the yen this year, but increased the amount by which we project that it will appreciate against sterling...

The recent rise in Portuguese government bond yields appears to be largely due to a general increase in risk aversion, rather than factors specifically related to Portugal. However, we think that...