The Morning Macro Call

Morning Macro Call - 21.09.2020 | VP FX & Macro Strategy


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Whilst the US election run-in has been rocked by the passing of Ruth Bader Ginsburg – the more pressing concern for markets this week should be the US Commerce Dept's ruling on whether the Chinese yuan is deemed to be unfairly undervalued (report due today). We think Beijing has been visibly moving USD/CNY lower recently to avoid any FX scrutiny from the Trump admin. Also, G10 central banks will dominate the week ahead – with Fed talk and a host of policy decisions (RBNZ, Riksbank, SNB, Norges) to look forward to.
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The Morning Macro CallBy VP FX & Macro Strategy