CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 08/31/22

Summary The rise in global interest rates continues. The US 10-year yield is a few basis points near 3.15% and European benchmarks are mostly 5-6 bp higher. The aggregate eurozone inflation figures were worse than expected. The headline rose to 9.1% from 8.9%. However, more troubl...

Summary Corrective pressures were evident yesterday and they extended today in Asia and Europe but seem to be running their course now. Quietly, the German two-year yield has doubled in the past two weeks, from 0.53% on August 15 to 1.10% yesterday. The two-year breakeven has ...

The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low. The dollar firmed to marginal new high for the month against the yen today near JPY137.70. The Fed funds futures market sees the greatest chance of a 75 bp hi...

The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring three-day increase to about 22 bp. The euro briefly popped a little above $1.02 on what was initially seen as dovish FOMC minutes in the North American afternoon y...

After retreating most of last week, the US dollar has extended yesterday’s gains today. The euro has been sold to a new seven-year low against the Swiss franc near CHF0.9600. Housing starts in Canada likely slowed last month, which would be the first back-to-back decline th...

Why investors should pay attention to the U.S. dollar. Weaponizing the currency is a double-edged weapon. There are many threats to dollar dominance. What will happen when the greenback depreciates. Hedging against depreciation. Why Concentrate On The U.S. Dollar...

The dollar bloc currencies and Norwegian krone are slightly firmer while the Swedish krona, sterling, and the yen are off around 0.3%-0.6%. Japan and China will drop some market-sensitive high-frequency economic data as trading begins the new week. Barring a precipitous fall today...

The US dollar is consolidating yesterday’s losses but is still trading with a heavier bias against the major currencies and most emerging market currencies. Germany's coalition government has begun debating over the contours of the next relief package. The US dollar slumped...

Our expectation is that as valuations continue to improve, flows will return to the asset class, which may act as a catalyst for higher prices. This is supported by a 2021 International Monetary Fund paper concluding that growth optimism is not a key driver of hard currency bond flows...

Strong gains in US equities yesterday and easing fears following Pelosi’s visit to Taiwan helped lift most Asia Pacific equities, with Hong Kong leading the way with a 2% rally. Unlike the Federal Reserve, for example, the BOE is likely to shrink its balance sheet through outri...