The Week Ahead – De-Escalation

This week started with a bang after the sharp de-escalation of US and China tensions, with both sides agreeing to reduce tariffs in the next 90 days. We discuss the near-term economic implications, as well as the prospects of reaching a more lasting trade deal. We also preview upcoming UK CPI and European survey data and whether trade talks with Europe can also make progress. We end with a special segment on FX markets to discuss why sticking to a medium-term soft USD view makes sense and which currencies could outperform in this environment. Chapters: US (02:06), China (07:35), Asia (12:31), Europe (13:46), FX Special Segment (18:14).