海外研报

GS--mplications of dovish Fed for Asian FX and rates markets

1. Implications of a US soft landing outlook for Asian FX markets. The Fed’s50bps cut earlier this week appears to have calmed market fears of a US recession.

MS_India has displaced China as the largest MSCI EM market_20240917

India has displaced China as the largest MSCI EM market

MS_September 20

While the BoJ keeps rates on hold as expected, the press conference leans dovish as BoJ Governor Ueda says there is “room to spend