Consensus FX Outlook August 2015

25 augustus, 2015 in Columns-Artikelen door Simon Knappstein

Chinese authorities seem to have lost control of managing markets. They stabilized last month’ fall in equity markets, only to resume it by subsequently devaluating the Renminbi. The implications for global growth and inflation is hurting Emerging Market- and Commodity currencies and is now sparking panic on global equity markets. Nuances matter less as currencies trade “en-bloc”. The USD strengthens vs Commodities and EM, and weakens vs the Eurobloc. Fed lift-off is getting more distant again.
Current EUR/USD forecasts, and those of 27 other currency pairs can be seen here: Consensus FX Outlook August 2015.