It’s been a busy and buoyant start to the new year with risk sentiment most definitely positive amid rising rates. Omicron is now seen as manageable and a background setting rather than a primary driver of markets. Although record infections will have an impact on supply chains and services, central banks are expected to keep inflation in check with the Fed reining in liquidity and raising rates. Being long USD is undoubtedly a consensus trade for the year. Fed policy is set to be supportive of the dollar, especially against low yielding currencies whose central banks are lagging the rest of the more hawkish ... (full story)