Dollar Dominance in the Age of COVID

This article was co-authored with Dominique Dwor-Frecaut (bio below). This article can also be found on the Macro Hive platform here. Macro Hive is a leading producer of macro and financial market research and strategy.  The virus has catalysed more, perhaps, than it has caused. Established trends in geopolitics, economics, financial markets, public policy, and social …read more

COVID-19 and Currency Risk

From 2008 to COVID-19, currency market volatility trended down. Volatility was elevated in 2015-2017 after its 2014 record low (measured by CVIX), but this fit within the trend, as December 2019 levels tested the previous record. This trend can be attributed to: convergence in the drivers of currency value like growth and inflation aligned monetary …read more

Modern Monetary Theory: it’s a currency question

Modern Monetary Theory (MMT) is a political reaction to the constraints and costs of private financing for public spending. It is the explicit position that fiscal policy and monetary policy should be coordinated in order to avoid these constraints and costs. History is relevant. The future is untold. Money is currency is money. I hope …read more

ESG and Currency

Co-authored with Aaron Cantrell. This article first appeared on Responsible-Investor.com The advancement of ESG data access and analysis gives investors the chance to expand the scope of their sustainability objectives and investment programs, including in new asset classes. Record Currency Management has been building the research and investment infrastructure for ESG integration in currency. The …read more

Swedish Krona Outlook

The Swedish krona had a tough start to the year having depreciated over 5% against a basket of G4 currencies. This blog post outlines the outlook for the krona with an emphasis on its valuation versus G10 currencies, macroeconomic performance, external balances and the Riksbank’s policy trajectory. Potential upside and downside risks are inspected in …read more