'Across the Board' Bearish On U.S. Dollar, Lombard Odier's Gkionakis Says

The video discusses the recent stability of the dollar and the FX market, highlighting the lack of significant movement over the past few months. It notes the ECB's dovish stance and the potential impact of the US twin deficit on the euro-dollar exchange rate. While G10 currencies have been quiet, some emerging market currencies have shown strong performance. The FX rally that began in late 2022 has lost momentum, with the Fed adopting a patient approach. The video also highlights favorite currency picks, including the Robell, Mexican peso, and Brazilian real, emphasizing strong fundamentals and potential future strengthening.

What has been the general trend of the dollar in the FX market over the past few months?

• Volatility

• Stagnation

• Significant decrease

• Significant increase

What is the main reason for the bearish outlook on the dollar against the euro?

• US economic growth

• ECB's dovish stance

• US interest rate hikes

• Eurozone inflation

How has the G10 foreign exchange market behaved in recent months?

• Declining sharply

• Rapidly growing

• Particularly quiet

• Highly volatile

Which emerging market currency is noted for its strong fundamentals and central bank credibility?

• Turkish Lira

• South African Rand

• Russian Ruble

• Indian Rupee

What is the expected trend for the Brazilian real in the future?

• Volatility due to external factors

• Stagnation due to political issues

• Weakening due to inflation

• Strengthening with reforms