(1) Norway: Is Norges Bank The Only Game In Town? NOK has appreciated almost 20% against the EUR since March but macro strategist Reuven Benichou sees scope for further gains. He expects the unique monetary/fiscal nexus to continue supporting the currency and sees USD/NOK as the better short.
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(1) Norway: Is Norges Bank The Only Game In Town? (5 min read) NOK has appreciated almost 20% against the EUR since March but macro strategist Reuven Benichou sees scope for further gains. He expects the unique monetary/fiscal nexus to continue supporting the currency and sees USD/NOK as the better short.
(Reuven Benichou│ 27th August, 2020)
(2) China: Keep The Faith (3 min read) Top Asia FX strategist Mirza Baig presents his case for remaining bullish RMB. A competitive NEER and central bank that is comfortable with the level and trend of the currency are some of the reasons he remains constructive.
(Mirza Baig│ 25th August, 2020)
(3) Economy, Not Conventions, Matter For Trump (3 min read) Donald Trump may be focused on the Republican convention this week, but it is the economy alongside handling of COVID and attitudes on racial inequality, that will matter for voters on 3 November. Joe Biden maintains a fairly significant lead in the polls but this could yet change. Caroline Grady goes through the details.
(Caroline Grady│ 26th August, 2020)
(4) Resource Optimization vs Surplus Distribution: The Case For Modern State Economic Planning (12 min read) Anton Tonev defends MMT, drawing on his experience of growing up in one of the Soviet satellites. He argues that the inefficiencies in the ‘trial and error’ approach of the current system and failure to optimize resources efficiently mean MMT should be considered as an option.
(Anton Tonev│ 25th August, 2020)
(5) China Growth Tacker – Growth Momentum Levelling Off Our short-term growth tracker is down for a second week but remains high versus the historical range. We’ve added freight rail traffic and import data to the tracker with the positive trends here underpinning the strong growth performance in recent months.
(Bilal Hafeez│ 27th August, 2020)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)