S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe report by Nordea, authored by Jan von Gerich, discusses the recent rebound of the USD against the EUR and JPY. Despite the rebound, the report maintains a bearish outlook for the USD in the long term as investors seek alternatives.
Recent USD movements and market outlook
“Such moves once again suggest that the USD is not on the verge of collapse and worries towards the status of the USD can ease as fast as they arise.”
“That said, we continue to think the USD will weaken further going forward, as investors continue to seek alternatives to the USD, even if such a moves will not take place on a one-way street.”
“We maintain our core views of no rate moves from either the Fed or the ECB this year, while we continue to expect longer rates to creep higher.”
Today Markets
