Day: March 5, 2021

US and UK: The Comeback Kids

The US Dollar NEER has since 12th February appreciated about 2.3% to a 4-month high and its inverse correlation with the S&P 500 (-4.2%) has re-established itself. This is in line with our forecast that the Dollar’s sell-off in early February was “a small, short-term correction” rather than “another prolonged downtrend”.Read the rest

FX

US and UK: The Comeback Kids

  • The US Dollar NEER has since 12th February appreciated about 2.3% to a 4-month high and its inverse correlation with the S&P 500 (-4.2%) has re-established itself. This is in line with our forecast that the Dollar’s sell-off in early February was “a small, short-term correction” rather than “another prolonged downtrend”.
Read the rest
Central and Eastern Europe (CEE)

EUROPE: CEE PULSE

The Fidesz party’s departure from the European People’s Party (EPP) group in the European Parliament (EP) will weaken Hungary’s leverage in the EU and limit space for dialogue with key members of the bloc. Russia is still deliberating its response to sanctions imposed by the EU and the US.… Read the rest

Asia

ASIA: Weekly politics update

Below is the weekly update of political developments across East Asia. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail.

CHINA: Inner Mongolia to ban bitcoin mining on energy concerns

Northern China’s Inner Mongolia region plans to ban bitcoin mining, after the central government singled out the region last year as the only one among 30 province-level administrative regions under review to miss energy saving targets for 2019.Read the rest