Ft Hard Currency

Two central banks held firm this week. But while the Bank of Japan's grip on its currency slipped, Federal Reserve chair Janet Yellen stayed very much in control of the dollar, as Derek Halpenny of Bank of Tokyo Mitsubishi explains to Roger Blitz.  See acast.com/privacy for privacy and opt-out information.

Sterling and the euro are moving one way then the other in rapid order. Charles St Arnaud of Nomura tells Roger Blitz how FX moves are becoming very short-term, as investors fret about holding positions for too long.  See acast.com/privacy for privacy and opt-out information.

A breathless rally in emerging market FX begs the obvious question: will it last? Claire Dissaux of Millennium Global Investments tells Roger Blitz what will influence the rally and which parts of EM look more attractive than others.  See acast.com/privacy for privacy and opt-out information.

When will the Bank of Japan say enough is enough on this yen rally? BNY Mellon's Simon Derrick discusses the big dollar pullback with Katie Martin and explains which buzzwords from Tokyo matter.  See acast.com/privacy for privacy and opt-out information.

Federal Reserve chair Janet Yellen is becoming more dependent on the market than data in determining monetary policy. Steven Barrow of Standard Bank tells Roger Blitz why that's not a good idea.  See acast.com/privacy for privacy and opt-out information.

Market turmoil has given way to market calm. Is it down to a currency wars truce, and how long will the calm hold? Adam Cole of RBC Capital Markets tells Roger Blitz it won't last.  See acast.com/privacy for privacy and opt-out information.

Why did the Federal Reserve turn so dovish? Citigroup FX strategist Steven Englander offers his theories to Roger Blitz, and explains why global factors are playing such a key role in determining the US rate hike path  See acast.com/privacy for privacy and opt-out information.

Wild movement sent the euro all over the FX shop after the European Central Bank meeting. Themos Fiotakis of UBS sifts through the debris and tells Roger Blitz why it all adds up to one thing - low growth and low rates ain't going away any time soon.  See acast.com/privacy for privacy and opt-out information.

Investor behaviour in 2016 feels schizophrenic, Matthew Cobon of Columbia Threadneedle tells Roger Blitz. What does that mean for the rest of the year and how does it influence FX trading strategies?  See acast.com/privacy for privacy and opt-out information.

Sterling's fall following London mayor Boris Johnson's backing for the Leave campaign in the UK referendum is all about an aimless FX market needing direction, Peter Rosenstreich of Swissquote tells Roger Blitz.  See acast.com/privacy for privacy and opt-out information.

The yen's haven properties shone during the recent market turmoil, but Japan's currency has stayed high while calm has returned. Koon Chow, strategist at Union Bancaire Privée, tells Michael Hunter that wider worries are casting a shadow over currencies.  See acast.com/privacy for privacy and opt-out information.

The dash towards negative interest rates does not seem to be working, leaving markets in a state of flux. Paul Lambert from Insight Investment tells Katie Martin why we need to have a more innovative policy plan, including debt write-offs, and warns it could all get worse before it gets better.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.

Deutsche Bank's Oliver Harvey talks to the FT's Katie Martin about sterling's horrible run, the cross currents for the euro, and the irresistible allure of the Swedish krona.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.

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.  See acast.com/privacy for privacy and opt-out information.