US policy uncertainty is sky high. Global investors own a lot of US assets, mostly unhedged currency exposure, and the natural implication is that the collision of large exposures and elevated uncertainty could have a large impact on global capital flows, asset markets, and currency hedging activity.
Participants:
- Jason Daw (Desk Strategy), Head of North America Rates Strategy
- Elsa Lignos (Desk Strategy), Head of FX Strategy
- Richard Cochinos (Desk Strategy), FX Strategist
* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts