URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 03/06/20

Overview The sharp sell-off in US equities and yields yesterday is spurring a mini-meltdown globally today. Many of the Asia-Pacific markets, including Japan, Australia, Taiwan, and India, saw more than 2% drops, while most others fell more than 1%. The MSCI Asia Pacific Index snapped the fo...

O verview: A new phase of the Covid-19 is at hand. Yesterday was the first time that the number of new cases in the world surpassed the number of new cases China acknowledged. This confirms what we have known, namely that the battle for containing it in China has been lost. However, it wasn...

Overview: The warning by the US Center for Disease Control and Prevention that Americans should prepare for an outbreak of Covid-19 sent the S&P 500 tumbling to an 11-week low and the 10-year Treasury yield to a record low near 1.30%. The volatility of the S&P ((VIX)) jumped to its h...

By Scott DiMaggio, Eric Winograd Transcript: Scott DiMaggio: Forty-nine central banks reduced rates last year. I think it's very difficult for us to forecast forty-nine central banks reducing rates again in 2020. However, the monetary stimulus should still be there. The Fed wi...

By Chris Turner, Global Head of Strategy and Head of EMEA and LATAM Research et al. The jump in Covid-19 cases in Italy has prompted a risk-off run in markets with equities dropping worldwide. The flight to safety could see BTP:Bund spreads widen a little further. In the FX space, we thin...

The US dollar and Swiss franc are two of the leading and most respected foreign exchange instruments in the world. The dollar is the leading reserve currency because of the size of the US GDP and the long history of political and economic stability in the United States. The dollar is the leadi...

An exogenous shock disrupts relationships and patterns. It may be a useful reminder the correlation does not mean 100% co-movement. The strongest currency in the world last week was the Swiss franc, a safe-haven that rose by almost 0.5%. The weakest major currency, and third weakest overall,...

The EUR/GBP currency pair, which expresses the value of the euro in terms of the British pound sterling, has fallen recently, which follows the Bank of England's decision to hold its short-term rate steady at +0.75% in its January 30 meeting. I predicted that the pair would decline in my la...

The EUR/AUD currency pair, which expresses the value of the euro in terms of the Australian dollar, has experienced increased volatility recently. In my previous article covering the pair, I did anticipate this; however, the likely direction of EUR/AUD was less clear at the time (volatility ...

The dollar is the king of currencies. As the world's reserve currency, the US greenback is the foreign exchange instrument that central banks around the world hold as part of their reserves. At the same time, the dollar is the benchmark pricing mechanism for most commodities. Raw materials are...