Keep C.A.L.M. and carry on - Part 4: FX & Commodities Views

22/07/2023 4 min
Keep C.A.L.M. and carry on - Part 4: FX & Commodities Views

Listen "Keep C.A.L.M. and carry on - Part 4: FX & Commodities Views"

Episode Synopsis

In our final podcast covering the H2 2023 market outlook, we take a look at FX and commodities. On the INR, we expect resilience given strong fundamentals and ahead of peer growth. We also expect the USD to remain range bound for the next 3 months beforr resuming its decline on a 12-month horizon. We remain neutral on gold, and have a bearish outlook on crude, expecting the WTI crude variant to stay priced at ~USD65/bbl over the next 12 months. Tune in for more. Speaker:Ravi SinghChief Investment Strategist, Standard Chartered