Converge Converge Market Update: Resilient economic growth, stalled rate cuts, and geopolitical tail risks leading in to March
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Last week's economic data deluge, including the latest inflation reports that called into question the timing of rate cuts, triggered some significant volatility across financial markets, creating a modest case of whiplash. Could this become more frequent as central banks begin policy easing this year?
Meanwhile, the carry trade has become more popular, benefitting the high-yielding dollar which has already climbed 6% against the yen this year on top of the massive gains in 2023. But the pound is also in demand, reaching its highest level against the Japanese yen since 2015. Evidence like this shows that low volatility like we’ve had has helped promote risk appetite and a hunt for yield or rather a higher return from risk assets. Will it continue?
Join Lead FX Strategist George Vessey as he breaks down the latest in the global macroeconomic and FX landscapes.
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.