TSS - Major Markets Report, October 2015

by Michael J. Howell20. October 2015 15:41

The course of the US dollar over coming weeks remains, for us, the major uncertainty. Our models are poised between predicting a bit more strength, based on shortages of US dollar funding in cross-border markets, and growing fears of a fast-approaching 2016 US recession. These concerns likely outweigh other key issues, namely the path of the Chinese economy and whether or not the US Fed tightens this December? The latter anyway may be derivative.

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