Bloomberg Surveillance Market Optimism and Trump-Putin
Aug 13, 2025
Jens Nordvig, Founder & CEO at Exante Data, dives into the fascinating world of foreign exchange opportunities, highlighting President Trump's strategy to intentionally weaken the dollar. Stephanie Baker, a Senior Writer at Bloomberg News, offers an intriguing preview of the upcoming Trump-Putin Summit, exploring Russia's assertive military position in Ukraine and what it means for global dynamics. Their engaging discussion sheds light on economic strategies and geopolitical tensions, making for a thought-provoking listen.
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Dollar Weakness Entering A New Phase
- Jens Nordvig argues dollar weakness can continue as portfolios reduce dollar exposure and focus shifts to Fed policy.
- He says we're entering a new phase driven by Fed expectations, not just FX hedging.
Look Beyond US For Yield And Diversification
- Nordvig recommends looking beyond the US for yield and valuation opportunities, including European banks and other global assets.
- He cites diversification and pension funds reducing dollar exposure as reasons to consider non-US allocations.
Tariff Effects Are Lumpy And Delayed
- Tariffs affect inflation unevenly across sectors and months; past Chinese tariffs actually fell into the recent report.
- Nordvig warns reciprocal tariffs from August 10 will show up in September–October and complicate the Fed's job.
