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

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>In this piece, we will try to assess the USD outlook in a structured way by looking at:1) Relative rates, 2) Relative inflation, 3) Relative Growth, 4) Relative energy.</li><li>We combine the four filters in an aggregate probability-based model and find that the USD is still likely to increase in value for the next few months.</li><li>Let’s have a look at the details.</li></ul>

In this piece, we will try to assess the USD outlook in a structured way by looking at:1) Relative rates, 2) Relative inflation, 3) Relative Growth, 4) Relative energy.We combine the four filters in an aggregate probability-based model and find that the USD is still likely to increase in value for the next few months.Let’s have a look at the details.

USD’o’meter: Is King USD about to reverse?