Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

EM Watch: China is preparing something BIG!

Elias Lisberg Glistrup

Macroeconomics

<ul><li>Welcome to this week’s edition of our EM-focused weekly editorial.</li><li>This week, we’ve decided to look into the reemerging weakness in Asian FX, and how this corresponds with the still strong momentum in gold prices.</li><li>Gold rallies have historically coincided with a weaker USD.</li></ul>

Welcome to this week’s edition of our EM-focused weekly editorial.This week, we’ve decided to look into the reemerging weakness in Asian FX, and how this corresponds with the still strong momentum in gold prices.Gold rallies have historically coincided with a weaker USD.

EM Gold Rush: The pressure valve amid Asian FX debasement risks?