CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 04/25/22

We like emerging market (EM) local debt within an overall bond underweight. Much monetary tightening has been done, and valuations are compelling. U.S. Treasury yields hit new three-year highs last week, and equities fell. We still think stocks can weather the yield rise in the inflat...

Fears that the Chinese lockdowns to fight Covid, which have extended for four weeks in Shanghai, are not working, and may be extended to Beijing has whacked equity markets, arrested the increase in bond yields, and lifted the dollar. The euro traded to almost $1.0705 in late Asia Paci...

ECB comments suggesting a rate hike as early as July may be gaining momentum and is helping extend the euro's gains to an eight-day high near $1.0935. The Chinese yuan's drop has extended for a third session. Chinese President Xi defended the Covid policy seemingly over economic suppo...

The record-long yen slide has stalled just shy of JPY129.50, even though the Bank of Japan defended its Yield-Curve Control cap on the 10-year bond and will continue to do so for the next four sessions. The euro is bouncing today after successfully testing the ECB-induced low from las...

The Fed funds futures market has nearly priced in three 50 bp hikes and 3 quarter-point moves before the end of the year. A stronger currency may dilute efforts to ease financial conditions. The Federal Reserve has begun what is expected to be among the most aggressive tightening ...

The dollar is mostly heavier against the major currencies, with the Swedish krona and New Zealand dollar the strongest. In any event, the takeaway from the ECB meeting will be about the forward guidance on its asset purchases. As anticipated, the Bank of Canada will stop recycling...

China's National Press and Publication Administration published a list of 45 new titles on its website late yesterday. Germany's ZEW investor survey was poor, but not quite as bad as the median guesstimates in Bloomberg's survey. The signal emanating from Fed officials is monetary...

In an era of low yields, generating income has been a challenge for many investors, with attractive yields limited to a narrow range of asset classes. That landscape has improved somewhat since early 2022, with inflation, geopolitical tensions and hawkish global monetary policies driv...

Macron's victory in the first round of the French presidential contest lifted the euro, which is resilient to the broader greenback gains scored on the back of the continued rise in yields. The euro initially gapped higher in Asia as the French election news spurred a quick short-cove...

After the equity losses in the US yesterday, including a 2.2% drop in the NASDAQ, Asia-Pacific equities struggled. The unexpectedly large drop in German factory orders reported yesterday appeared to have little impact on industrial output. The US dollar posted a bullish hammer can...