CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 08/04/22

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...

The market is judging China's response to Speaker Pelosi's visit in a mild way and risk appetites returned. The 17 bp jump in the US 10-year yield yesterday helped lift the dollar from nearly two-month lows near JPY130.40. The euro posted key downside reversal yesterday (traded on...

Speaker Pelosi's visit to Taiwan has added to the risk-off mood of the capital markets today. Most of the large Asia Pacific equities sold off, with Australia and India being notable exceptions. Switzerland's July manufacturing PMI held up better than expected, slipping to 58.0 from 5...

Many of the downside risks flagged in our April World Economic Outlook have begun to materialize. Despite slowing activity, global inflation has been revised up, in part due to rising food and energy prices. As advanced economies raise interest rates to fight inflation, financial ...

The dollar index reached a two-decade high in July, where it ran out of upside steam. Interest rate differentials and the war in Ukraine pushed the dollar higher against other reserve currencies. The recent inflation and GDP data create a challenge for the U.S. Federal Reserve. ...

The Federal Reserve delivered its second consecutive 75 bp rate hike, and Chair Powell left the door open for another large hike at the next meeting in September. Australia reported softer-than-expected June retail sales on the heels of yesterday's slight miss on headline Q2 CPI. ...

In the second quarter, we've seen double-digit negative returns across the fixed income landscape. For corporate bonds on the investment-grade side of things, we've seen spreads tick 160. A lot of what's going on right now is just the aftermath of a pandemic that's disrupted the h...

European yields are mostly 3-6 bp higher, but Draghi’s second resignation is weighing on Italian bonds, where the 10-year has jumped 15 bp. The US dollar rose to a four-day high against the Japanese yen near JPY138.90. While the US housing data this week has disappointed, t...

The biggest rally in the S&P 500 in three weeks helped lift global equities today. The MSCI Asia Pacific index rose for the third consecutive session, the longest streak this month. The Australian dollar is edging higher today after jumping 1.25% yesterday, the most in a month. ...

The dollar’s downside correction continues today, helped by hawkish signals from the Reserve Bank of Australia and unnamed sources who have played up the chances of a 50 bp hike by the European Central Bank on Thursday. Chinese officials appear to recognize the challenge to hou...