In this 2025 preview video blog, Derek Halpenny, Head of Research for Global Markets EMEA and International Securities; Michael Wan, Senior Currency Analyst, George Goncalves, Head of U.S Macro Strategy, MUFG Securities America Inc; Lee Hardman, Senior Currency Analyst and Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research EMEA discuss the trends that may drive the global markets this year.
Five key themes for 2025
- Theme 1: Trump and the US dollar - it could get complicated - Derek Halpenny (00.29)
- Theme 2: Asia FXs are to navigate against high uncertainty and upheavals - Michael Wan (03.33)
- Theme 3: US Outlook: A Balancing Act - George Goncalves (06.31)
- Theme 4: Winners & losers in EM FX in a Trump 2nd term - Lee Hardman (08.46)
- Theme 5: Commodities – stay selective, hedge Trump-induced tail risks
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