Hard Currency

Geoffrey Yu of UBS Wealth Management puts this week’s record low for the offshore version on China’s currency into context, and tells Michael Hunter what the market will be looking at for the renminbi towards the end of 2016.


Expectations this week of big moves in the pound, the dollar and the euro all failed to materialise. Simon Derrick of BNY Mellon tells Roger Blitz why this may not last long, as a US election and continuing Brexit worries exercise market minds


No one likes the pound right now as the market focuses heavily on UK politics, but Steven Saywell at BNP Paribas tells Roger Blitz that investors are leaning too heavily towards selling sterling and so a rebound is on the cards


Sterling bashers have once again got the upper hand as the UK seems to swing towards a messy divorce from the EU, while eurozone markets are chewing over the potential for the ECB to turn off the stimulus taps. Frederik Ducrozet of Pictet Wealth Management talks about the implications with Katie Martin.


While rates remain so low in G10 and the Federal Reserve sticks to a gradual rate path, the case for investing in emerging markets just gets stronger, Roger Hallam of JP Morgan Asset Management tells Roger Blitz


Mexico’s rapidly weakening peso shows how the tightening US election polls are focusing market minds on what a Trump-led protectionist policy might mean for America’s trading partners. Paul McNamara of GAM discusses with Roger Blitz the implications for emerging markets and US rate expectations


Could the Federal Reserve learn something about how to communicate to the market from the Swiss National Bank? Peter Rosenstreich of Swissquote and FT Switzerland correspondent Ralph Atkins join Roger Blitz to discuss how currencies respond to policymakerspeak.


While the European Central Bank tackles a sceptical market, the Bank of England takes credit for surprising UK economic data. But as Rabobank’s Jane Foley tells Roger Blitz, it’s the US that really calls the shots.


The market has become more sanguine about the devaluation of the Chinese currency in recent months. Geoffrey Yu of UBS discusses what has changed and tells Rochelle Toplensky what we can expect in the event of a Fed rate rise.


The pound, the yen and the dollar have dominated FX in 2016, putting the euro in the shade. But as Dominic Bunning of HSBC tells Roger Blitz, there is growing resilience in the performance of the single currency and that is set to continue.