Capital Wars

Capital Wars

Global Liquidity Watch: Weekly Update

Liquidity Momentum Slows; Risk Appetite Softens

Michael Howell's avatar
Michael Howell
Dec 23, 2025
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Global liquidity fell again last week, with growth momentum slowing across both short‑ and long‑term measures. Central bank tightening and a stronger US dollar are weighing on conditions, partially offset by falling bond volatility that supports collateral dynamics. Investor risk appetite remains positive but is gradually easing, with both DM and EM markets affected.

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