The cross-asset reaction to the latest tariff news was quite dramatic.
Category: FX
In Argentina: Total Meltdown
“All the pollsters have failed”.
Tail Risks, FX Vol. And Tangled Christmas Lights
But here’s the paradox…
Former Chinese Central Bankers Say Currency War Risks Rising, Official Warns Of ‘More Measures’
Meanwhile, the People’s Daily is on offense.
‘Hang On!’ Peter Navarro Will Never Test Sara Eisen On Currency ‘Manipulation’ Again
“Why is that ‘clearly they’re manipulating”?
Meanwhile, In Turkey, Erdogan Purges Central Bank, Gets $1 Billion High Five From China
“Really disappointing”.
Intervention Imminent? Trump Cranks Up Currency War Rhetoric With New Dollar Tweets
We are now squarely in the throes of a global currency war.
China’s Yuan Fixes Through 7 For First Time Since 2008, While July Trade Data Tops Estimates
Paradoxically, this could serve as something of a pressure valve.
After Wall Street’s Biggest Comeback Of 2019, All Eyes Turn To The Chinese Yuan
“Playing with fire”.
Macro Tourist Delivers A 1987 Flashback
“I continue to be concerned about risk assets”.
‘Shocking’ New Zealand Rate Cut Roils Currency Markets
Anyone who doubted RBNZ’s willingness to deliver on Wednesday was disabused of their skepticism.
As PBoC Warns Of ‘Market Chaos’, Here’s What’s Next For Chinese Monetary Policy
This is one incredible juggling act.
It’s All-Out War As Steve Mnuchin’s Treasury Designates China A Currency Manipulator
This is becoming a “sum of all fears” scenario.
‘The Meltdown Phase Is Here’, One Bank Warns, After Shock Yuan Plunge
“There is probably more pain to come”.
After The Storm: Full Week Ahead Preview
So much for the summer “lull”.
Plunging Stocks, Surging Yen And South Korea Fight Make For Tough Day In Japan
What’s not to “like”?
‘It’s A Very Dangerous Situation’: Rick Santelli And Judy Shelton Are Worried Sick About Our Crazy World
“The effect is like tasing an inert body”.
Macro Tourist: This Is The Best Long Vol. Position Out There Right Now
“When he figures it out, there’s only one trade you want on the sheets”.
Here Are The 14 Biggest Problems With Central Banks Being ‘The Only Game In Town’
As we approach a pivotal juncture for the post-crisis monetary policy regime, potential problems are mounting.
Out Of Rabbits, A Paralyzed Bank Of Japan Sits Idly By
The BoJ did what they could do on Tuesday – which was nothing.
Dances With Doves: Full Week Ahead Preview
Trial by fire.
Boris Johnson And Other Fun Tuesday Notables
BoJo takes over and other notables from across the globe.
Matches: Full Week Ahead Preview
There are lots of matches just waiting to be struck.Â
Summer Lull Meets Data Deluge, Earnings: Full Week Ahead Preview
Markets are ostensibly free to focus on the “fundamentals” again.Â
Albert Edwards: Trump ‘Will Take The Global Currency War To A Whole New Level’
“Expect the dollar to fall bigly”.

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