Bloomberg Surveillance Dollar Steadies as Greenland Tensions Ease
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Jan 22, 2026 Wendy Schiller, a political science professor at Brown University, shares insights on the current U.S. diplomatic stance, emphasizing economic leverage over traditional treaty methods. She also discusses how domestic politics are shifting focus away from foreign policy. Meanwhile, Jane Foley, head of FX strategy at Rabobank, analyzes the dollar's variable status, noting skepticism around the yen and arguing for the dollar's potential stability due to U.S. equity strength and global corporate investments.
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Gold Reflects Central Bank Diversification
- Central banks are steadily buying gold as part of diversification away from U.S. assets.
- Patterson and surveys from World Gold Council show ongoing central bank demand supporting gold prices.
Global Bond Contagion Matters
- Global bond markets are more integrated, so stress in Japan or Europe can spill into U.S. Treasuries.
- Patterson warns that events in other sovereign bond markets matter for U.S. fiscal financing and yields.
Build A Global Bond Basket
- Build a global basket of bonds including fiscally stronger markets and select EM exposure.
- Rebecca Patterson recommends Canada, Australia, Norway, Singapore, and emerging markets as diversification options.