Europe’s US holdings: Leverage lies in marginal demand
The question of whether Europe’s $12.6 trillion holdings of US assets be used as leverage if relations with Washington sour has become increasingly salient in
The US dollar: Not a traditional safe haven
Safe-haven currencies are generally understood to appreciate when risk sentiment deteriorates, providing investors with insurance. This column demonstrates that the US dollar differs from that
Recent patterns in global risk behaviour in financial markets
Following the US tariff announcements in early April, the US dollar strongly depreciated while US Treasury yields rose. This column zooms in on the April
