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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- In the past 15 years, we have seen that periods of USD strength have been usually associated with an outperformance of US equities relative to the rest of the world (RoW) equities.
- The chart below shows the strong co-movement between the broad USD index (Nominal Effective Exchange Rate) and the US/Row equities relative performance, which we define as the difference between the annual change in SPY and VEU indexes.
- We have seen that the slow vaccination campaign in the EM world combined with the rise in political instability could continue to support the greenback against EM currencies in the coming weeks.
- Hence, US stocks could continue to outperform the RoW equities in the medium term, especially EM equities.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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