FX Quarterly Outlook for First Quarter 2016: Divergence Deepens

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In this edition of the FX Quarterly, we discuss

  • The four main drivers of the investment climate in 2016, including the Federal Reserve’ s pace of monetary policy normalization, the divisive decisions coming out of Europe, the fundamental transitioning economy of China and how commodities will impact the global market;
  • Our expectation for emerging market turbulence to continue, including the effects on EM of the Fed rate hike coupled with the ECB and BOJ QE programs; and
  • The new rotation at the Fed in 2016.

Read the full publication here.