TD Securities' report by Alex Loo discusses the outlook for the Chinese Yuan (CNY) in 2026. The report highlights that while the CNY is significantly undervalued, expectations for a sizable revaluation may be misplaced.
National Bank of Canada (NAB) analysts Stéfane Marion and Kyle Dahms noted that the USD fell to its lowest level since 2023 due to geopolitical tensions and speculative positioning.
Kevin Warsh has been nominated by President Trump to be the next Fed chair, but his confirmation process may be complicated. Warsh's past as a hawk has shifted towards a more dovish stance in recent years.