Delta variant still in focus as market watches Federal Reserve: The Global Markets FX Week Ahead Podcast

2021-08-17

The Delta variant is still rearing its head and keeping market participants on their toes. New Zealand has declared a national lockdown following the detection of one COVID-19 case - will this impact the Reserve Bank of New Zealand’s plan to move forward with rate hikes tomorrow? Derek Halpenny, Head of Research for Global Markets EMEA and International Securities, gives his view. Meanwhile, the Federal Reserve has a number of important communication opportunities upcoming, including the Jackson Hole meeting next w...

The Delta variant is still rearing its head and keeping market participants on their toes. New Zealand has declared a national lockdown following the detection of one COVID-19 case - will this impact the Reserve Bank of New Zealand’s plan to move forward with rate hikes tomorrow? Derek Halpenny, Head of Research for Global Markets EMEA and International Securities, gives his view.

Meanwhile, the Federal Reserve has a number of important communication opportunities upcoming, including the Jackson Hole meeting next week. Derek gives his outlook on the potential messaging, timing of tapering, and USD impact.

NB: In Derek’s trade ideas, he said "long EUR versus GBP". This should be "short EUR versus GBP".

Disclaimer: www.mufgresearch.com (PDF)

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