J.P. Morgan said that despite the recent market correction, the bank is still optimistic about global foreign exchange spread trading due to steady growth prospects. Strategist Anthony Delair and others wrote that the global and emerging market interest rate mix has declined from a high in mid-September, but compared to the fundamentals reflected in the interest rate market, the correction seems too large. Despite this, “we still tend to be optimistic about global foreign exchange spread trading” because economic growth is expected to remain steady. “Further sell-off in US short-term interest rates remains a risk.”

J.P. Morgan said that despite the recent market correction, the bank is still optimistic about global foreign exchange spread trading due to steady growth prospects. Strategist Anthony Delaire and others wrote that the global and emerging market interest rate spread mix has declined from a high in mid-September, but compared to the fundamentals reflected in the interest rate market, the correction seems too large. Despite this, “we still tend to be optimistic about global foreign exchange spread trading” because economic growth is expected to remain steady. “Further sell-off in US short-term interest rates remains a risk.”