Podcast by Millennium Global with Piya Sachdeva, Sandra Rhouma & Eve Danbury
EPISODE 9:
In this episode of the Macro Matters podcast by Millennium Global, we share our Q2 2023 Global Currency & Macroeconomic Outlook. Our Lead Economist, Piya Sachdeva, Economist & Strategist, Sandra Rhouma and Junior Portfolio Manager, Eve Danbury discuss the macro themes that will matter most in the coming quarter and how these are expected to impact global currencies.
Discussion points:
01:54: How do you think the next quarter plays out for the US and what do you think about the Fed's reaction function in terms of going forward, given the likely credit tightening that is now taking place post this initial banking liquidity crisis?
06:22: Do you foresee any further spillovers into the European banking sector from what's happened in the US? And then from that, what's what's your base case for the ECB from here, given core inflation at the moment is still proving to remain sticky in the near term?
10:47: But from a macro standpoint, Piya, what's your view on the dollar and to the second quarter of this year?
13:14: How are you thinking about the euro here over the next quarter?
15:38: So how are you thinking about the yen from here?
17:41: How are you thinking about the UK and starting from here?
19:47: What are your thoughts on the Swiss franc from here?
21:53: Sandra, what are your thoughts on Australia and the RBA and consequently the Aussie dollar from here?
23:31: How are you thinking about commodities and oil prices broadly and how does that feed into your more neutral view on the Canadian dollar?
25:01: Is there anything else we should be thinking about with specific focus on Brazil?
27:39: Do you think there's limited upside for the currency (CNH) from the reopening given the current account dynamics and also, the lack of spillover that we've seen in regional exports? What are your thoughts here?
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