• Will China intervene if renminbi/US dollar exchange rate reaches this level?

    13 days ago - By ETF Daily News

    From Ray Uy : Invesco Fixed Income shares its views on currencies around the world. US dollar: Neutral.
    We believe the dollar is caught between two macro trends. On the one hand, US growth has positively diverged from the rest of the world, leading to increased interest rate differentials. Higher growth and larger interest rate differentials are typically positive for the US dollar. On the other hand, the US is running large budget and current account deficits. We believe these dueling factors will keep the US dollar in a holding pattern in the near term, but we expect the budget and...
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  • Global interest rate outlook for 2019

    13 days ago - By ETF Daily News

    From Rob Waldner : Invesco Fixed Income shares its views on rates around the world.
    US: Neutral.
    We expect US interest rates to remain range-bound due to moderating gross domestic product growth and looming US Treasury supply. Growth over the next few quarters will likely be driven by consumption and capital expenditures supported by US tax reform. We believe the market will begin to price in a less positive growth picture in 2019, as the effects of tax stimulus wear off and the impact of tighter Federal Reserve policy begins to take hold. We could see below-trend growth in the second half...
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