Hard Currency show

Hard Currency

Summary: The FT's currency show takes a hard look at what's driving the largest market in the world, discussing market trends, political and economic factors affecting global currencies. Correspondent Delphine Strauss talks to global experts on the foreign exchange market about their views on the week ahead. You can find more currency markets news from the Financial Times on our website and listen to more episodes of FT Hard Currency on iTunes, Stitcher, Audioboom or Soundcloud.

Podcasts:

 Emerging markets special | File Type: audio/mpeg | Duration: 00:08:35

With investors focused on geopolitical risk and evidence of a Chinese slowdown, Delphine Strauss, currencies correspondent, asks Bhanu Baweja, head of emerging market cross asset strategy at UBS, how to explain the relative stability in emerging markets currencies. Also, what are the knock-on effects of China curbing carry trade in the renminbi - and what is up with the Chilean peso?

 How to navigate low volatility | File Type: audio/mpeg | Duration: 00:08:26

With analysts predicting a modest improvement in the US labour market data due on Friday, Delphine Strauss, currencies correspondent, asks Paul Lambert, head of currency at Insight Investment, how the soft dollar is affecting foreign exchange markets; why the Ukraine crisis had little impact on major currencies; and how investors can navigate a world of low volatility.

 What's stopping the dollar? | File Type: audio/mpeg | Duration: 00:07:45

With the greenback trading at a two-week low against the euro, Delphine Strauss, currencies correspondent, asks Matt Cobon, head of rates and currencies at Threadneedle Investments, why the consensus bet on dollar strength is not yet paying off. Also, how should currency markets interpret the Bank of England's latest set of economic forecasts - and what to make of the latest twist in the fortunes of the Aussie?

 Is there any relief for emerging markets? | File Type: audio/mpeg | Duration: 00:09:13

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 depreciation.

 Where next for the pound? | File Type: audio/mpeg | Duration: 00:06:54

With sterling at a 2 1/2 year high against the dollar, Delphine Strauss, currencies correspondent, asks John Normand, currency strategist at JP Morgan, what to expect next from the Bank of England's forward guidance. Also, how can investors differentiate between commodity currencies, and is China's ever-appreciating renminbi set for a fall?

 The Aussie's plunge | File Type: audio/mpeg | Duration: 00:08:44

With hedge funds seizing on dismal jobs data, Delphine Strauss, currencies correspondent, asks Geoff Yu, currency strategist at UBS, whether the Aussie's slide is set to continue. Also, how will the theme of deflation play out in currency markets - and is Turkey now in real trouble?

 The dollar’s comeback | File Type: audio/mpeg | Duration: 00:08:13

With dollar bulls relishing the start of Federal Reserve tapering, Delphine Strauss, currencies correspondent, asks Michael Sneyd, foreign currency strategist at BNP Paribas, what could throw their predictions off course. Also: what will the year ahead bring for the euro, and is the Canadian dollar set on a downward trend?

 House prices and the pound | File Type: audio/mpeg | Duration: 00:11:04

Sterling has rallied on the Bank of England's announcement that it no longer sees a need to subsidise mortgage lending. Valentin Marinov, strategist at Citigroup, joins currencies correspondent Delphine Strauss to discuss whether this amounts to a tightening of monetary policy. Also, what should investors expect from next week's ECB meeting; and how will the Swedish krona perform as the central bank steps up its fight against deflation?

 The irrepressible euro | File Type: audio/mpeg | Duration: 00:07:08

With investors alert to any hint of further action from the ECB, Delphine Strauss is joined by Steven Saywell, foreign currency strategist at BNP Paribas, to discuss the outlook for the euro, the effects of Japanese pension fund reform - and the implications of stalling growth in China's vast foreign exchange reserves

 What to expect from the Fed | File Type: audio/mpeg | Duration: 00:08:05

As Janet Yellen gives evidence to the Senate Banking Committee, Delphine Strauss is joined by Jane Foley, foreign currency strategist at Rabobank, to ask what investors are watching for from the nominee to chair the Fed. Also, is the good news on economic recovery already priced into the pound, and can Sweden's central bank act against deflation?

 The ECB's euro dilemma | File Type: audio/mpeg | Duration: 00:09:39

Jose Wynne, foreign currency strategist at Barclays, joins Delphine Strauss to discuss what would prompt a rally in the dollar, whether the euro's strength is sustainable, and the relative attractions of the Aussie and New Zealand dollar.

 The resilient euro | File Type: audio/mpeg | Duration: 00:08:35

With the euro near a two year high against the dollar, Delphine Strauss asks Chris Turner, foreign currency strategist at ING, whether the European Central Bank is likely to take any action; how long the rally in emerging markets currencies might continue; and what is driving trade in the Scandinavian currencies.

 Hard Currency: the dollar after the debt debacle | File Type: audio/mpeg | Duration: 00:08:32

Delphine Strauss is joined by Simon Derrick, foreign currency strategist at Bank of New York Mellon to ask whether the US shutdown will have a lasting effect on the dollar, whether the rally in the Aussie will continue and what we should read into Beijing's decision to allow the renminbi to reach a record high

 The dollar adrift | File Type: audio/mpeg | Duration: 00:10:53

The impasse in Washington has left forex investors unsure which way to turn, as they weigh the effects of the government shutdown against the prospects for a delay in tapering. FT currencies correspondent Delphine Strauss is joined by Ian Stannard, foreign currency strategist at Morgan Stanley to discuss how the market will handle the uncertainties, and how much longer we can expect strength in the euro and sterling to continue.

 How will deadlock in debt talks play out in forex markets? | File Type: audio/mpeg | Duration: 00:09:17

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 talks drag on into next week? How much higher can the euro go? And with the yen's weakness apparently set to continue, what changes in behaviour might we see from Japanese institutional and retail investors?

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