Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Asset Allocation Watch - How to Position for USD Weakness?

Asset Watch: From a Recession to a Soft Landing to a Raging Boom in Just One Week

Asset Allocation Watch: Introducing Our Macro Regime Indicator Methodology

Bond Watch - Will Japan Pull the Rug from Under the Yield Curve Control?

Real Estate Watch – Which Markets Will Be Worst off in 2023?

Gravity Works As WeWork Doesn't; Now Plan B

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

FX & Rates

<ul>
<li>Our models suggest that we should see further weakness in the USD in the coming months.</li>
<li>Expected interest rate divergence (EU/US) would, all else equal, strengthen the Euro relative to the Dollar.</li>
<li>Another source of dollar weakness can be attributed to the rise in the Chinese credit impulse.</li>
</ul>


Our models suggest that we should see further weakness in the USD in the coming months.
Expected interest rate divergence (EU/US) would, all else equal, strengthen the Euro relative to the Dollar.
Another source of dollar weakness can be attributed to the rise in the Chinese credit impulse.


The Dollar O’ Meter #1 – 5 Ways to Gauge the Usd Outlook