The Big Dollar Reset Amidst Tariff U-Turns | Macro Monday ft. Andreas Steno & Mikkel Rosenvold

29 snips

Apr 14, 2025

Dive into the fascinating world of global markets as experts analyze recent shifts in the U.S. dollar and looming economic uncertainties. Discover how U.S.-China tariffs are impacting technology imports and igniting fears of instability. The weakened dollar's influence on international markets and the potential rise of the yuan as a reserve currency are critically examined. Explore investment opportunities in regions like South Korea and Poland, amidst geopolitical tensions, and learn strategic moves in the face of trade wars and currency debasement.

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INSIGHT

Dollar Debasement

Last week's dollar debasement was unusual.
The disconnect between bond and FX markets in dollar terms is rare.

ANECDOTE

Tariff U-Turns

Trump's tariff policy has seen multiple U-turns recently.
This flip-flopping makes it difficult to predict market direction.

INSIGHT

Market Influence on Policy

Market actions, like dollar and treasury selling, are influencing US policy.
This suggests a Trump put around 450 on the 10-year bond yield.

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Steno Research CEO and Asgard-Steno Global Macro CIO Andreas Steno Larsen is back with the fund's COO and head of geopolitics at Steno Research, Mikkel Rosenvold, to break down the latest news and forces driving global markets, including the tariff flip-flopping, U.S. dollar weakness, economic uncertainty, and more.

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