How are you reading central bank divergence this quarter?

The Fed, ECB, BoE, BoJ, RBA, RBNZ, BoC, SNB, Riksbank and Norges Bank are all at different points in their cycles — the divergence map is unusually rich.

How are you reading central bank divergence this quarter? — central bank rate path diagram
A central bank's policy rate path across recent meetings

Post your map:

  • the banks you see tightening, holding and easing
  • the pairs where divergence is widest
  • how you're trading the gaps
How are you reading central bank divergence this quarter? — risk-reward diagram
A risk-reward ratio of 1 to 2

Background: how interest rate decisions move currencies.

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