Dollar decline - here to stay

FromFT Hard Currency

Start listening View podcast show

Dollar decline - here to stay

FromFT Hard Currency

ratings:

Length:

12 minutes

Released:

Feb 22, 2018

Format:

Podcast episode

Description

Federal Reserve hawkishness and market nerves have given the dollar a reprieve from depreciation, but reasons for its weakness far outweigh reasons why it may rebound. Bilal Hafeez of Nomura tells Roger Blitz that not only are we in a dollar bear market but we've been trading it for a year and it's got several years to go. For information regarding your data privacy, visit acast.com/privacy

Released:

Feb 22, 2018

Format:

Podcast episode

Titles in the series (100)

Financial Times foreign exchange correspondent Roger Blitz talks to experts on the currencies market about the week ahead, looking at the global political and economic factors driving the world’s largest market.

Skip carousel

Haven currencies, who’s selling the euro and the Australian dollar: Currencies correspondent Alice Ross explores the trends driving the global currencies market, this week focusing on sterling’s status as a haven currency, why the euro is still strong against the dollar and how a further rate cut in Australia will impa... by FT Hard Currency
1 min listen
EU Summit special: Can euro optimism last?: John Normand, global head of FX strategy at JPMorgan, talks to FT currencies correspondent Alice Ross about the prospects for the euro following the EU summit and the outlook for emerging market currencies For information regarding your data privacy, ... by FT Hard Currency
1 min listen
Rollercoaster ride for dollar-yen pair: It's been a month of huge moves for the dollar-yen pair. Ahead of the Federal Reserve's meeting in June, Alice Ross, FT currencies correspondent, asks Shahab Jalinoos, FX strategist with UBS, what he expects from the talks as well as whether ... by FT Hard Currency
1 min listen
What effect will the Greek elections have on the euro?: Mansoor Mohi-Uddin, head of FX strategy at UBS, joins the FT's currencies correspondent Alice Ross to discuss how the euro might drive currency markets in the wake of the Greek elections, the likelihood of a new round of QE3 in the US in light of ... by FT Hard Currency
1 min listen
The other view on Greece and QE prospects for the US and UK: FT currencies correspondent Alice Ross talks to Steven Saywell, head of FX currency strategy in Europe at BNP Paribas about why he thinks a Greek exit is unlikely and remains bullish on the euro, as well as a look ahead to the US non-farm payroll data ... by FT Hard Currency
1 min listen
No silver bullet for currencies: This week the FT's currency correspondent Alice Ross is joined by Humayun Shahryar, chief executive of hedge fund Auvest Capital Management, to discuss the Fed's decision not to introduce a third round of quantitative easing, the difficulty o... by FT Hard Currency
1 min listen
No silver bullet for currencies: This week the FT's currency correspondent Alice Ross is joined by Humayun Sharyar, chief executive of hedge fund Auvest Capital Management, to discuss the Fed's decision not to introduce a third round of quantitative easing, the difficulty of... by FT Hard Currency
10 min listen
Mixed news for sterling: This week Alice Ross, the FT’s currencies correspondent, is joined by Javier Corominas, head of research and fx strategy at Record Currency Management, to discuss what’s driving the pound and euro weakness as the Draghi effect fades. They also look at ... by FT Hard Currency
1 min listen
Shrugging off sanctions: With the forex market showing only a modest reaction to tougher sanctions against Russia, Delphine Strauss, currencies correspondent, asks Elsa Lignos, strategist at RBC Capital Markets, whether currency investors have become less sensitive to geopolit... by FT Hard Currency
1 min listen
How will deadlock in debt talks play out in forex markets?: With the US government shutdown weighing on the dollar, FT currencies correspondent Delphine Strauss is joined by Derek Halpenny, European head of global market research at the Bank of Tokyo-Mitsubishi. Can forex markets remain this calm if the debt ta... by FT Hard Currency
9 min listen
How much lower can the euro go?: With the single currency already below the levels many had forecast for the end of the year, Delphine Strauss, currencies correspondent, asks Peter Kinsella, strategist at Commerzbank, whether the ECB will try to engineer a bigger depreciation. Also, w... by FT Hard Currency
1 min listen
Macroprudential measures' impact on sterling: With UK policy makers flagging concerns over the rising risks of a bubble in the housing market, Delphine Strauss, currencies correspondent, asks David Bloom, currency strategist at HSBC, how macroprudential measures would affect sterling. Also, what w... by FT Hard Currency
1 min listen
Why QE doesn’t necessarily weaken currencies: In the FT’s look at the week ahead in forex, Elsa Lignos, senior G10 currency strategist at RBC Capital Markets tells Alice Ross, the FT currencies correspondent, why the ECB rate cut has sent the euro south why sterling isn’t a true haven currency. F... by FT Hard Currency
1 min listen
Traders focus on yields: Simon Derrick, chief currency strategist at BNY Mellon and Alice Ross, FT currencies correspondent look at the week ahead in forex. Is the movement of funds out of the euro is a sign of flight, or the possible beginning of a carry trade in euros? Why t... by FT Hard Currency
1 min listen
Talking down the euro: With Mario Draghi's efforts to talk down the euro bearing fruit, Delphine Strauss, currencies correspondent, asks Jane Foley, strategist at Rabobank, whether investors are now expecting too much of the ECB. And with central banks around the world ... by FT Hard Currency
1 min listen
ECB backing sustains euro rise: Jane Foley, senior currency strategist at Rabobank, joins Alice Ross, FT currencies correspondent, to discuss how the European Central Bank’s confirmation of plans to buy government bonds in peripheral markets is supporting the euro – even if no actual... by FT Hard Currency
10 min listen
Why all countries are looking for a weak currency: Kathleen Brooks, research director at Forex.com talks to FT currencies correspondent Alice Ross about the prospects for more – and different - QE in the USA, why action from the Bank of Japan to weaken the yen is unlikely, and why the Australian dollar... by FT Hard Currency
9 min listen
Yen intervention unlikely, but markets expect more ECB bond buying: Derek Halpenny, European head of global currency research at Bank of Tokyo-Mitsubishi, talks to Alice Ross, FT currencies correspondent about why intervention from the Bank of Japan into the yen is unlikely despite the currency’s strength and why whils... by FT Hard Currency
1 min listen
Yen special: In a week in which the dollar has finally broken through the 100 barrier against the yen, currencies correspondent Alice Ross is joined by Ian Stannard, foreign currency strategist at Morgan Stanley to discuss the regional impact of the weaker yen and ... by FT Hard Currency
10 min listen
Pressures on the euro and safe havens: FT currencies correspondent Alice Ross talks to global head of FX strategy at HSBC David Bloom about the pressures on the euro and why he is forecasting a rise in value, the Norwegian krone’s haven status and why the pound is doing well. For informati... by FT Hard Currency
9 min listen
Currency intervention watch: Valentin Marinov, director of FX strategy at Citi, talks to FT currencies correspondent Alice Ross about currency interventions, looking at why the Swiss National Bank will keep defending the Swiss franc’s peg with the euro in the face of increasing mo... by FT Hard Currency
10 min listen
Will 2013 be the year of yen weakness?: As Japan prepares for an early election on December 16, the yen has come under pressure, falling against the dollar. Will this trend continue into next year? Ian Stannard, head of European FX strategy at Morgan Stanley, joins Alphaville reporter David ... by FT Hard Currency
9 min listen
Commodity currencies and the US dollar: With the Australian and New Zealand dollars hitting multi-month lows against the US dollar, Elsa Lignos, currency strategist at RBC Capital joins currencies correspondent Alice Ross to discuss the mood on commodity currencies. Also, is central bank int... by FT Hard Currency
8 min listen
Taper tantrum round two?: As the prospect of higher US interest rates puts emerging markets under renewed pressure, Delphine Strauss, currencies correspondent, asks Koon Chow, emerging markets strategist at Barclays, whether we will see a repeat of last year's 'taper ... by FT Hard Currency
1 min listen
After the flash crash: As investors nurse losses from last week's flash crash in US bond yields, Delphine Strauss, currencies correspondent, asks Valentin Marinov, strategist at Citigroup, what it would take to restore their confidence in the dollar, whether the Bank of... by FT Hard Currency
1 min listen
The dollar rally stalls: With Fed officials underlining concerns over the exchange rate, Delphine Strauss, currencies correspondent, asks Derek Halpenny, strategist at Bank of Tokyo Mitsubishi, whether the dollar’s three month surge can continue; how the yen is affected by cha... by FT Hard Currency
1 min listen
Is there any relief for emerging markets?: With the sell-off in EM currencies deepening, Delphine Strauss, currencies correspondent, asks Koon Chow of Barclays Capital, what is driving investors’ behaviour, how currency weakness will affect other assets - and which countries might welcome depre... by FT Hard Currency
9 min listen
Is Switzerland the new China?: This week our currencies correspondent Alice Ross is joined by Kit Juckes from Société Générale to discuss what's going on behind the scenes with the Swiss franc, what next for the euro following the recent ECB meeting and the strength of the Aust... by FT Hard Currency
1 min listen
What will the ECB do next?: As the euro continues to fall, when will the European Central Bank start buying government bonds and is that priced into the euro yet? Alice Ross, markets correspondent, discusses the outlook for the single currency as well as what central banks are... by FT Hard Currency
9 min listen
ECB rate cuts send euro tumbling, and Scottish referendum sends ripples through forex markets: As the ECB's rate cuts send the euro to a 14 month low, Delphine Strauss, currencies correspondent, asks Paul Lambert, fund manager at Insight Investment, how this changes the equation for the single currency. Also, are we about to see a new bout ... by FT Hard Currency
1 min listen

More Episodes from FT Hard Currency

Skip carousel

Death of the dollar bears: The US currency's ascent in 2018 has surprised many analysts and investors. The reflation trade that followed the election of Donald Trump was not expected to last. Stephen Gallo of the Bank of Montreal tells Michael Hunter why the rally has endur... by FT Hard Currency
11 min listen
Markets on horns of euro-dollar dilemma: A Federal Reserve rate rise had little impact on the dollar while ECB president Mario Draghi drove the euro higher with optimistic comments on eurozone wages and inflation. But is that enough for a sustained market push to buy euros and sell dollars? J... by FT Hard Currency
11 min listen
Brexit, trade tensions, and why investors don't look too fussed: Trade tensions are hotting up, Brexit talks are souring and the Federal Reserve is gearing up for another rate hike, yet currencies in the firing line, from emerging markets to sterling, seem unperturbed. Jane Foley of Rabobank tells Roger Blitz why cu... by FT Hard Currency
12 min listen
Wages growth pays dividend for euro and sterling: Inflation strength in Europe and the the UK and weakness in the US were important factors in forex as central banks took centre stage, while Turkey's big interest rate rise helped stabilise emerging markets. Kamal Sharma of BofA Merrill Lynch tell... by FT Hard Currency
11 min listen
EM can't catch a break: A week dominated by falls in emerging market currencies, notably the South African rand, is triggering another bout of concern that the problems that afflicted the Argentine peso and the Turkish lira this year are becoming contagious. Kit Juckes of Soc... by FT Hard Currency
12 min listen
Pushed around by politics: The British pound, Argentina's peso and Turkey's lira: all of them in the news and all getting pushed around (albeit in different directions) by politics. Katie Martin talks to Eoin Murray, head of investment at Hermes, about what the moves a... by FT Hard Currency
9 min listen
Troubling Trump depresses the dollar: The dollar came under pressure on two fronts this week - Donald Trump's impeachment risk and the president's disparaging remarks about the Federal Reserve for raising US interest rates. But it is the Fed's own views, with a tilt... by FT Hard Currency
11 min listen
Turkish turmoil raises markets' temperature: Turkey's troubled lira, worries about emerging market currencies and the impact of sanctions and tariffs on the rouble and renminbi have put foreign exchange at the heart of the financial market's traditional August anxiety. Derek Halpenny of... by FT Hard Currency
13 min listen
Dollar to drive on, pound to stay pat: Federal Reserve chair Jay Powell this week injected renewed vigour into the dollar, while weak data and Brexit woes undermined the pound. David Bloom of HSBC tells Roger Blitz why the case for continued dollar strength is more convincing than the case ... by FT Hard Currency
12 min listen
Pound takes a pass on Boris blow-out: Investors treated the UK foreign secretary's resignation with little concern, leaving the pound poised for a rally as the prospect of a softer Brexit looms into view. Ugo Lancioni of Neuberger Berman tells Roger Blitz why he is a buyer of sterling... by FT Hard Currency
12 min listen
China plays its currency card: China's central bank verbally intervened to stabilise the renminbi after a fall that echoed the dramatic declines of 2015-16. Stephen Gallo of Bank of Montreal tells Roger Blitz what we learned about China's currency strategy and argues that ... by FT Hard Currency
11 min listen
Markets mindful of Merkel's migration problems: Investors have barely had time to acknowledge that there is an EU summit taking place, as trade wars and China worries occupy their thoughts. But as John Wraith of UBS tells Roger Blitz, that's not to say they are complacent about the implications... by FT Hard Currency
11 min listen
EM sell-off: now it's Asia's turn: The emerging markets sell-off is starting to weigh on Asian currencies. Mansoor Mohi-uddin of NatWest Markets explores the reasons with Roger Blitz, looking at the impact of trade tensions on China and Federal Reserve chair Jay Powell's ambivalenc... by FT Hard Currency
11 min listen
Fed flies, ECB evolves: A big week in the policy making world saw the US Federal Reserve plough on with rate hikes while the European Central Bank took a more dovish approach, even though it set a timetable for the end of asset purchases. Michael Sneyd of BNP Paribas tells Ro... by FT Hard Currency
11 min listen
Euro-bulls should rein in their euphoria: European Central Bank policymakers warmed up investors to a potentially big announcement next week on asset purchases and normalisation, sending the euro higher. Does this mark the end of the dollar rally? Not so fast, Rabobank's Jane Foley tells ... by FT Hard Currency
11 min listen
Rome's home truths for markets: Markets were guilty of complacency about Italy, says Adrian Hilton of Columbia Threadneedle, failing to appreciate the existential threat to the euro. He tells Roger Blitz what this week's fallout in bonds and currencies means for investors' ... by FT Hard Currency
10 min listen
How to digest a roasted Turkey: The Turkish lira's collapse has emerging market investors wondering whether there is any case for continuing to hold assets there. Yerlan Syzdykov of European asset manager Amundi, who was among those investors to lunch with president Recep Tayyip... by FT Hard Currency
11 min listen
Ripple effects of EM forex falls: Local factors are contributing to sharp falls in the currencies of Argentina and Turkey, but other emerging markets cannot escape the impact of the dollar's strength. Simon Quijano-Evans of Legal & General Investment Management looks ... by FT Hard Currency
12 min listen
EM investors' pain trade: The rout in emerging market currencies has exposed investors to an uncomfortable realisation - they were too willing to buy the EM rally at the start of the year, says Roger Hallam of JP Morgan Asset Management. He spells out to Roger Blitz the lessons... by FT Hard Currency
10 min listen
Don’t dismiss dollar drive: The sharp rally in the dollar has investors asking whether it is sustainable or about to fizzle out. Simon Derrick of BNY Mellon has the answer, and as he tells Roger Blitz it’s all to do with yield. by FT Hard Currency
11 min listen
Forget the dollar, follow the yield: A rising dollar and a rising oil price are two of the big market moves of the week. But as Bill McQuaker of Fidelity International tells Roger Blitz, the biggest was the 10-year Treasury yield hitting 3 per cent, signalling the end of the bond bull mar... by FT Hard Currency
13 min listen
Doubt dominates market mood: Despite global growth, investors are struggling to find a driver, not just in foreign exchange but in other markets. What's causing this doubt and introspection? Helen Thomas of macro-economic consultancy Blonde Money tells Roger Blitz that three ... by FT Hard Currency
12 min listen
FX fails to get the memo: With some notable exceptions, currencies are spookily quiet in the middle of tensions over trade, signs of slowing growth in Europe, and the ever-present risk that Twitter spats could spiral into geopolitical crises. But Tim Graf of State Street Global... by FT Hard Currency
9 min listen
EM embraces the change: Trade tensions and equity sell-offs should be making investors wary of risky emerging market assets. But Wike Groenenberg of BNP Paribas tells Roger Blitz why EM is proving resilient to market pressures and looks at the factors that will influence its ... by FT Hard Currency
12 min listen
Keep calm, but keep an eye on protectionism: January's euphoria seems a world away as volatility infects markets, but Silvia Dall'Angelo of Hermes Investment Management tells Roger Blitz that economic fundamentals are still sound and the dollar remains under pressure. The big worry, how... by FT Hard Currency
13 min listen
Doubts about the dollar, positives for for the pound: A Fed rate hike, market tensions about tariffs, a Brexit transition deal and Bank of England hawkishness - Erik Norland of CME Group tells Roger Blitz why things are looking up for sterling and less promising for the greenback by FT Hard Currency
11 min listen
Currency traders track a trade 'cold war': How big an impact is the prospect of an international trade dispute centred on US tariffs having on the foreign exchange market? Viraj Patel joins the FT's Michael Hunter to look at the main factors moving currencies, including economic fundamenta... by FT Hard Currency
9 min listen
Euro on the edge: The European Central Bank is creeping towards the exit from super-stimulative monetary policy. How can it do this without sending the euro flying, particularly while US trade policy unnerves dollar bulls? Stephen Gallo from BMO Capital Markets talked t... by FT Hard Currency
9 min listen
Powell pumps up the dollar: New Federal Reserve chair Jay Powell's optimistic view of the US economy and faster rate hikes caused stocks to sell off and the dollar to rise. But Jean Medecin of Carmignac thinks this outlook is too rosy, and that the world needs to ge... by FT Hard Currency
12 min listen
Currency markets keep their poise: Foreign exchange investors have sat out much of the recent market volatility. Roger Hallam of JPMorgan Asset Management joins Michael Hunter to look at why dollar weakness has proved so stubborn and to identify the‎ wider market trends. by FT Hard Currency
11 min listen

Related podcast episodes

Skip carousel

Dollar declines as markets doubt Donald will deliver: Dollar declines as markets doubt Donald will deliver by FT Hard Currency
8 min listen
It Was a Bear Market Rally, After All (9/1/22): (9/1/22) Cheerleaders singing the praises of a bear market bottom, bullishness abounding, and high prices for equities were back...were wrong. Turns out it was a bear market rally, after an assault on the 200-DMA failed. Breaking the 50-DMA confirms... by The Real Investment Show Podcast
3 min listen
POOL, PLMR, CZR: Fall Lows Can Lead To Year-End Rally by Schwab Network
6 min listen
Why Markets Could Rally Today (1/11/23): (1/11/23) Fed Chairman Jerome Powell much-anticipated speech yesterday was a nothing burger, and markets rallied in response. Investors are now dealing with resistance levels set back in August. One good sign: Markets are establishing higher lows. The... by The Real Investment Show Podcast
4 min listen
Keep calm, but keep an eye on protectionism: January's euphoria seems a world away as volatility infects markets, but Silvia Dall'Angelo of Hermes Investment Management tells Roger Blitz that economic fundamentals are still sound and the dollar remains under pressure. The big worry, how... by FT Hard Currency
13 min listen
Markets Break Following Fed Speech (12/5/22): (12/5/22) Markets broke above the 200-DMA following last week's speech by Fed Chairman Jerome Powell, which included somewhat dovish language. But markets moderated somewhat on Thursday, touching the 200-DMA and then sold-off. Encouraged by a... by The Real Investment Show Podcast
4 min listen
Donald drives the dollar: Donald drives the dollar by FT Hard Currency
9 min listen
4067: Will Powell's hawkish remarks hurt Street's festive spirit? Market Minutes by Moneycontrol Podcast
7 min listen
As Peloton Crashes Due To Inflation & Supply Chain Investors Start Buying Gold / Silver For Safety by The Economic Ninja
20 min listen
Is the Dollar Set to Rally Again? (1/31/23): (1/31/23) Many who thought the Dollar could only go in one direction (down) were dismayed when $5-trillion in liquidity injections pumped the Dollar up. Now as that liquidity is drained off of the economy, the Dollar has declined as a function of... by The Real Investment Show Podcast
5 min listen
SQUAWK BOX, THURSDAY 24TH SEPTEMBER, 2020 by Squawk Box Europe Express
26 min listen
Jeffrey Gundlach -- Waiting for the Next Big Trade: Jeffrey Gundlach explains his thoughts on time frames, position sizing, & how his style changes based on whether the market is alpha or beta driven. by Real Vision Daily Briefing: Finance & Investing
73 min listen
The Market Is Priced For A Fairytale Economy, But Stagflation Is Much More Likely | Jesse Felder by Thoughtful Money with Adam Taggart
68 min listen
Surveillance: Stagflation with Shah by Bloomberg Surveillance
35 min listen
2401: 8 Unusual Things to Hold in Your IRA by Jeff Rose of Good Financial Cents on Little Known IRA Facts: Jeff Rose talks about 8 unusual things to hold in your IRA by Optimal Finance Daily - ARCHIVE 2 - Episodes 301-600 ONLY
12 min listen
The Fed's Anti-Inflation Campaign is Good for Bonds (11/17/22): (11/17/22) Markets rallied towards our target of 4,100, but failed short of the goal. We're looking for some follow-through selling this morning; a retracement towards support won't be surprising. Markets are still on a buy-signal, but getting a bit... by The Real Investment Show Podcast
4 min listen
Room to run for stocks, oil, crypto - Ben Laidler joins Alpha Trader by Alpha Trader
35 min listen
S04E11: David Shapiro: 50 years anniversary on the JSE by Talking with Traders
43 min listen
Ray Dalio and the Changing World Order by Money For the Rest of Us
22 min listen
Jimmy Garoppolo expectations with Pro Football Focus's Jeff Deeney: Rob "Stats" Guerrera is joined by PFF's Jeff Deeney to explore what we can expect from Jimmy G. this year, confidence in any WR not named Deebo Samuel, and whether the defense can avoid regression after a dominant 2019. Learn more about your ad choices. Visit podcastchoices.com/adchoices by The Gold Standard: San Francisco 49ers Podcast Network
33 min listen
Merger Monday not yet ready to take over but expect M&A headlines in certain areas: M&A activity should increase but not everywhere M&A (Mergers & Acquisition) activity had fallen to well-below the 10Y average over the last 2 years. There are various reasons for this slowdown, including higher rates and negative corporat... by Global Research Unlocked
19 min listen
All eyes on China: The FT's currency podcast takes a hard look at what's driving the largest market in the world, discussing market trends, political and economic factors affecting global currencies by FT Hard Currency
12 min listen
Gyrating dollar, sea-sick sterling and a loveable loonie: Gyrating dollar, sea-sick sterling and a loveable loonie by FT Hard Currency
13 min listen
1087: Marketbuzz Podcast with Reema Tendulkar: GIFT Nifty indicates a start in the green for Sensex, Nifty 50 by MarketBuzz
4 min listen
Preview - Philadelphia Phillies by Locked On Fantasy Baseball - Daily MLB Fantasy Podcast
14 min listen
Jeffrey Sherman, DoubleLine – 'Sherman Says' His Take on The Fed, Rates, & State of the Markets: Our guest today is Jeffrey Sherman, Deputy CIO of DoubleLine, which manages over $100 billion. Jeffrey oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the... by The Investors First Podcast
47 min listen
Odds Of Market Correction Rising As Retail 'Dumb Money' Piles In | Lance Roberts & Adam Taggart by Thoughtful Money with Adam Taggart
90 min listen
James Lord: The Dollar’s Resiliency by Thoughts on the Market
3 min listen
Reconsidering Phil Myers by Locked On Flyers - Daily Podcast On The Philadelphia Flyers
30 min listen
Bluerock Capital Markets CEO On Opportunities In Real Estate by Schwab Network
8 min listen

Discover this podcast and so much more

Dollar decline - here to stay

Dollar decline - here to stay

Description

Titles in the series (100)

More Episodes from FT Hard Currency

Related podcast episodes