Episode 12:

In this episode of the Macro Matters podcast by Millennium Global, we share our Q3 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:

01:59: Regional banking stress.

04:01: Broad outlook on the US economy.

06:40: Fast thoughts on the Fed and the trajectory for US inflation.

09:44: Global growth and the China narrative.

12:16: US dollar views into the next quarter.

16:13: Thoughts on the ECB and the Euro.

19:25: Japanese Yen views for the second half of 2023.

21:17: BoE moving forward and the British Pound in a global context.

24:28:  Views on the SNB and Swiss Franc from here.

26:56: Australia - RBA and the Australian dollar.

28:40: Global growth in relation to the Bank of Canada and the Canadian dollar.

30:57: China - the most pivotal story for markets into the next quarter.

34:07: Excitement of emerging markets.

IMPORTANT DISCLAIMERS: This piece of content contains the views and opinions of our Global Economic Research and Strategy Team as of 13th July 2023 and does not necessarily represent the views and opinions of Millennium Global or any of its Portfolio Managers. This information is intended for Professional Clients only, not retail clients. This information does not constitute an offer to buy or a solicitation of an offer to sell and does not constitute an offer or solicitation in any jurisdiction in which such a solicitation is unlawful or to any person to whom it is unlawful. Past performance is not a guarantee or reliable indicator of future results. Forecasts are not a guarantee or reliable indicator of future performance. For further information please see Important Disclaimers on https://investments.millenniumglobal.com/regulatory-disclaimers