Hard Currency

Itchy investors are saying goodbye and good riddance to February in the forex market. Kathleen Brooks of City Index tells Roger Blitz that there is much more to look forward to in March, but for the moment, dollar uncertainty is the dominant theme, followed by rising European political risk and a more measured view of Brexit

 

The pound has proved surprisingly resilient around the $1.25 level, even as inflation data out this week looked lacklustre. Koon Chow of UBP tells Michael Hunter what is on the watchlist for the UK currency and takes a tour or the agenda for the dollar and the euro

 

Donald Trump is golfing with Japan’s prime minister, with currency manipulation high on the agenda. Jeremy Cook of World First tells Roger Blitz what the FX implications are likely to be, and also weighs up political risk on the euro

 

US protectionism may be more talk than action, but that’s not to say it won’t have a currencies impact. Athanasios Vamvakidis of BofA Merrill Lynch tells Roger Blitz why, and also explains how to apply game theory to a Brexit transition deal and what that means for the pound

 

Mexico’s peso is too competitive for its own good, Stephen Gallo of Bank of Montreal tells Roger Blitz – but it is in also in US interests to conclude a mutually acceptable renegotiation of Nafta

 

The pound’s rally following the UK prime minister’s Brexit speech and Donald Trump’s problems with a strong dollar dominated currency markets – even before inauguration day. Paul Lambert of Insight Investments walks Roger Blitz through another week of FX fluctuations

 

Investors were left baffled and disappointed by Donald Trump’s lack of policy detail at his feisty press conference. Jane Foley of Rabobank tells Roger Blitz why market scepticism about the reflation trade is growing and what that means for the dollar rally

 

A 14-year high for the dollar, the renminbi’s best-ever two-day gain, a sharp dollar correction and a central bank intervention. David Bloom of HSBC walks Roger Blitz through the frantic foreign exchange start to the year and concludes that the dollar rally is nowhere near over.

 

Simon Derrick of BNY Mellon looks back on a trumultuous year in the foreign exchange market, and gives Roger Blitz his predictions of the big market events for 2017

 

The Federal Reserve’s hawkish position, which is driving dollar strength, is not a response to Donald Trump and the prospects of fiscal stimulus, Mark Astley of Millennium Global Investments tells Roger Blitz, but a reappraisal of the strength of the US economy