Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul><li>Potential diversification of sovereign bond holdings away from U.S. treasuries and into other government markets, particularly in Euro area government bonds</li><li>FX hedging impacts on cross currency basis markets from hedging of dollar assets, with potential flow of reserve managers into European rates markets</li><li>Strategic bullish duration stance on German yields driven by expectations of ECB easing, lower inflation, easing of term premium, and positive carry in long duration exposures</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Potential diversification of sovereign bond holdings away from U.S. treasuries and into other government markets, particularly in Euro area government bondsFX hedging impacts on cross currency basis markets from hedging of dollar assets, with potential flow of reserve managers into European rates marketsStrategic bullish duration stance on German yields driven by expectations of ECB easing, lower inflation, easing of term premium, and positive carry in long duration exposuresThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates: European rates market round-up

<ul><li>Market is seeing an uptick in CNY fixing, potentially halting the DXY bear trend temporarily</li><li>Investors are focused on upcoming tariff event risk on April 2, leading to de-risking behavior</li><li>Various potential scenarios for tariff implementation and FX response, with uncertainty around delivery and impact of tariffs on different sectors and countries</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Market is seeing an uptick in CNY fixing, potentially halting the DXY bear trend temporarilyInvestors are focused on upcoming tariff event risk on April 2, leading to de-risking behaviorVarious potential scenarios for tariff implementation and FX response, with uncertainty around delivery and impact of tariffs on different sectors and countriesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: What to expect when you are expecting tariffs (again)

<ul><li>DXY strength through 1Q25 predicted with positive volatility</li><li>Dollar correlations expected to remain firm, with potential pockets of soft cross correlations</li><li>Systematic FX adoptions models highlight opportunities in FX carry via options, short volume strategy, volume reversal model, and volcurve model for 2025</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

DXY strength through 1Q25 predicted with positive volatilityDollar correlations expected to remain firm, with potential pockets of soft cross correlationsSystematic FX adoptions models highlight opportunities in FX carry via options, short volume strategy, volume reversal model, and volcurve model for 2025This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul>
<li>The increase in news articles mentioning tariff and trade war risks is making it difficult for cyclical currencies like the euro to factor in any potential growth outside of the US.</li>
<li>US exceptionalism is evident in strong services ISM and relative equity performance, which is leading to the dollar's dominance in capital flows.</li>
<li>The Chinese yuan is facing bearish sentiment due to double-digit drawdowns in onshore equity indices, deepening deflation, weak sentiment in the housing market, and limited policy options for policymakers. Outbound travel restrictions during the Chinese New Year season also add to the pressure on the currency. However, there have been some positive signs in financial flows, such as stabilization in equity flows and increased bond purchases by foreigners. Overall, the outlook for the yuan remains bearish.</li>
</ul>
This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.


The increase in news articles mentioning tariff and trade war risks is making it difficult for cyclical currencies like the euro to factor in any potential growth outside of the US.
US exceptionalism is evident in strong services ISM and relative equity performance, which is leading to the dollar's dominance in capital flows.
The Chinese yuan is facing bearish sentiment due to double-digit drawdowns in onshore equity indices, deepening deflation, weak sentiment in the housing market, and limited policy options for policymakers. Outbound travel restrictions during the Chinese New Year season also add to the pressure on the currency. However, there have been some positive signs in financial flows, such as stabilization in equity flows and increased bond purchases by foreigners. Overall, the outlook for the yuan remains bearish.

This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Global FX: Tariff Risks and US Exceptionalism Support the Dollar

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

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Dollar Index (DXY CURNCY)

Global Rates: European rates market round-up

Discussion on potential diversification of sovereign bond holdings, FX hedging impacts, Europe's benefit from de-dollarization, and strategic...

At Any Rate

Global FX: What to expect when you are expecting tariffs (again)

Market participants are closely watching the impact of CNY fixing, de-risking ahead of tariff events, and the uncertain response of FX to potential...

At Any Rate

Global FX Volatility Outlook 2025

The prediction for Dollar (DXY) strength through 1Q25 and positive volatility is influenced by factors such as President Trump's policies, the...

At Any Rate

Global FX: Tariff Risks and US Exceptionalism Support the Dollar

US exceptionalism is evident in strong services ISM and relative equity performance, which is leading to the dollar's dominance in capital flows.

At Any Rate

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52-week Range

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