War burden and spending power – UBS

War burden and spending power – UBS

UBS economist Paul Donovan discusses how US March consumer price inflation highlights US consumers’ war-related burden and affordability concerns. He notes that inflation perceptions are driven by frequent purchases like food and fuel, and that concentrated inflation in categories such as furniture may limit broader damage to spending power. Donovan also links affordability to political […]

Ceasefire bounce faces oil and Fed headwinds – MUFG

Ceasefire bounce faces oil and Fed headwinds – MUFG

MUFG’s Senior Currency Analyst Lloyd Chan argues that Asia FX gains on ceasefire hopes are running ahead of fundamentals, as Oil retains a structural floor and US yields stay elevated. He highlights that tanker traffic through the Strait of Hormuz remains subdued and war-risk premia high, reinforcing US Dollar strength and suggesting Asia FX relief […]