Currencies

Investment symposium – Macroeconomic themes for 2023
At our annual Investment Symposium, investment teams from across BNP Paris Asset Management debated the macroeconomic themes with the potential...

Multi-asset update: Shifting out of neutral on the yen ahead of more BoJ tests
We have shifted to a modest long position in the Japanese yen against the euro in our multi-asset portfolios. The...

Talking heads – Make way, greenback, it is time for the euro and the yen
In what can be expected to still be volatile currency markets, the US dollar looks set to lose further ground...

Renminbi internationalisation – The petro-yuan and the role of gold
If Saudi Arabia decides to trade its oil with China in renminbi rather than US dollars, it would add momentum...

Hong Kong dollar peg stress-tested – again
Is the Hong Kong-US dollar peg – the Linked Exchange Rate System (LERS) – truly sustainable? It’s once again being...

Crypto’s contagious effect on equities
The increasing correlation between cryptocurrency trading and equity markets – especially in Asia – could be contagious. Large crypto losses...

A fireside chat about the renminbi – How far will it fall?
In recent weeks, the renminbi has depreciated significantly against the US dollar. Chi Lo, our senior market strategist in Hong...

A fireside chat about the Hong Kong dollar as it revisits 7.85
For the first time since 2019, the Hong Kong dollar (HKD) has fallen to the lower end of the Convertibility-Undertaking...

The renminbi’s creeping internationalisation
China has recently revived talks with Saudi Arabia on settling some oil trades in renminbi in a move that many...

ESG boost is flipside to China’s ban on bitcoin
China is cracking down on bitcoin in a bid to overcome problems such as power shortages, climate control, financial disruption...

The inherent risks of crypto currencies – When bitcoin meets China’s CBDC
Increasing regulatory control, due to central banks protecting their economic policy sovereignty and national governments seeking to control climate change,...

Equity market drivers – Passing the baton
Equity markets have gained from the drop in interest rates engineered by central banks as well as large-scale government aid...