Hard Currency

The Bank of England has kicked UK rate rises into the long grass, but short term, sterling is holding relatively firm anyway. Kamal Sharma of Bank of America Merrill Lynch tells Katie Martin why.

 

Deutsche Bank’s Oliver Harvey talks to Katie Martin about sterling’s horrible run, the cross currents for the euro, and the irresistible allure of the Swedish krona.

 

As the market tumult continues, central banks have been having their say on the global climate. Hans Redeker of Morgan Stanley explains to Roger Blitz the choices ahead for the eurozone, Japan and the US.

 

As central banks begin their first meetings of 2016 and delegates prepare for next week’s Davos gathering, what does the impact of China and oil price turbulence means for G10 currencies and in particular the Federal Reserve’s rate cycle? Roger Blitz asks, Stephen Gallo of Bank of Montreal answers.

http://rss.acast.com/ft-hard-currency/chinaandoil-thefxfallout/media.mp3

 

2016 has begun with the currencies market reeling from a falling oil price and China slowdown fears. Jane Foley, FX strategist at Rabobank, tells Roger Blitz why none of this should be of much surprise to investors.

 

Federal Reserve chair Janet Yellen finally got the interest rate hike she wanted. Roger Hallam at JPMorgan Asset Management gives Roger Blitz her report card, examining how she managed to turn around the Fed’s battered reputation, and what signals she sent for the pace of the tightening cycle.

 

Beijing has been letting its currency fall again. Richard Benson of investment manager Millennium Global talks to Roger Blitz about the implications, examines the impact of China’s economic rebalancing on commodity currencies and discusses how to fix central banks’ lines of miscommunication.

 

Did European Central Bank president Mario Draghi over-promise on monetary policy expansion or did the market expect too much? Thanos Vamvakidis of Bank of America Merrill Lynch tells Roger Blitz what the market reaction to ECB policy means for the direction of the euro, and whether transatlantic divergence remains on course.

 

Adam Cole of RBC Capital Markets tells Katie Martin why the euro and dollar still pounce on well-known signs of contrasting US and European monetary policy.

 

Peter Kinsella of Commerzbank tells Roger Blitz why the rally in emerging market currencies will be short-lived but why there won’t be a full-scale resumption in FX declines