sentix ASR Essentials 45-2015

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Written by Patrick Hussy | 08 November 2015
Posted in sentix Weekly

US Dollar optimism extreme versus Euro

The latest sentix Economic Indices, released today, revealed a further increase in the eurozone Economic Index (gaining 3.4 points to +15.1). This more upbeat assessment of the eurozone macro outlook is also colouring investors’ views of bonds. Monthly survey readings based on investors’ views on the macro outlook as a bond ‘theme’ indicate that economics is seen as having become less ‘bond bullish’ on a six month view (Chart 3, page 2). However, on other side of the Atlantic, the slide in sentiment towards US Bonds has been even more marked, with survey readings heading to the lower end of their 2012-15 range. At the same time, US rate rise expectations are bolstering dollar sentiment, with readings on EUR/USD having fallen to historic lows in the latest survey. US bond and currency  sentiment has seen some especially sizeable moves recently (Charts 3 and 4).

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