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FT Hard Currency

Financial Times

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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.
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Death of the dollar bears

10:35 | Oct 4th, 2018

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 endured,...Show More
Markets on horns of euro-dollar dilemma

10:46 | Sep 27th, 2018

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?...Show More
Brexit, trade tensions, and why investors don't look too fussed

11:38 | Sep 20th, 2018

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 ...Show More
Wages growth pays dividend for euro and sterling

11:14 | Sep 13th, 2018

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 tells R...Show More
EM can't catch a break

11:33 | Sep 6th, 2018

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 S...Show More
Pushed around by politics

08:54 | Aug 30th, 2018

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 are telli...Show More
Troubling Trump depresses the dollar

11:23 | Aug 23rd, 2018

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 to the dovish side, t...Show More
Turkish turmoil raises markets' temperature

12:53 | Aug 16th, 2018

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 MUFG di...Show More
Dollar to drive on, pound to stay pat

11:29 | Jul 19th, 2018

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 cas...Show More
Pound takes a pass on Boris blow-out

12:19 | Jul 12th, 2018

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, a...Show More
China plays its currency card

11:19 | Jul 5th, 2018

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 G10 poli...Show More
Markets mindful of Merkel's migration problems

10:56 | Jun 28th, 2018

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 of...Show More
EM sell-off: now it's Asia's turn

10:54 | Jun 21st, 2018

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 ambivalence t...Show More
Fed flies, ECB evolves

11:04 | Jun 14th, 2018

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 ...Show More
Euro-bulls should rein in their euphoria

10:32 | Jun 7th, 2018

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 Rog...Show More
Rome's home truths for markets

09:37 | May 31st, 2018

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' risk app...Show More
How to digest a roasted Turkey

11:13 | May 24th, 2018

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 Er...Show More
Ripple effects of EM forex falls

11:32 | May 17th, 2018

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 at the implicati...Show More
EM investors' pain trade

10:26 | May 10th, 2018

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 lesso...Show More
Don’t dismiss dollar drive

10:40 | May 4th, 2018

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.
Forget the dollar, follow the yield

12:32 | Apr 27th, 2018

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 m...Show More
Doubt dominates market mood

11:55 | Apr 19th, 2018

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 mar...Show More
FX fails to get the memo

09:25 | Apr 12th, 2018

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 Glob...Show More
EM embraces the change

11:34 | Apr 5th, 2018

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 it...Show More
Keep calm, but keep an eye on protectionism

12:41 | Mar 29th, 2018

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, however, is...Show More
Doubts about the dollar, positives for for the pound

11:04 | Mar 22nd, 2018

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
Currency traders track a trade 'cold war'

08:39 | Mar 15th, 2018

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 fundamentals ...Show More
Euro on the edge

09:24 | Mar 8th, 2018

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...Show More
Powell pumps up the dollar

11:52 | Mar 1st, 2018

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 get used to th...Show More
Dollar decline - here to stay

11:30 | Feb 22nd, 2018

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 mar...Show More
Currency markets keep their poise

11:12 | Feb 15th, 2018

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.
Bad week for markets? Not a bit of it

14:13 | Feb 8th, 2018

Was it a market turmoil, a crash? Or just a jolt, a correction? Whatever your description of this week's equities sell-off, it adds up to a healthy adjustment to a market that is better placed for volatility, as the world gets used to rising inflatio...Show More
Droopy dollar prompts a rethink

10:48 | Feb 1st, 2018

The apparent fondness for a weaker dollar among US administration officials has been enough to prompt HSBC's David Bloom to rip up his forecasts. But he tells Katie Martin that this is no currency war. In fact, currencies are on a path to peace and h...Show More
Dollar bears gain a cheerleader

12:48 | Jan 25th, 2018

US Treasury secretary Steven Mnuchin sent forex traders' screens into meltdown when he said a weak dollar was in US interests. With trade tensions adding to currency volatility, Tim Graf of State Street talks to Roger Blitz about how much more the do...Show More
A dumbfounding dollar decline

11:49 | Jan 18th, 2018

2018 has so far seen the dollar fall - but why? Rising Treasury yields, strong US growth and a Federal Reserve all set to raise rates three times this year should be giving the greenback some impetus, but the opposite is happening. Adam Cole of Royal...Show More
Jumpy January

12:40 | Jan 11th, 2018

Data, rumours and policy announcements big and small caused notable forex moves, including swings towards the euro and the yen, as investors rushed to grab the initiative at the start of 2018. Viraj Patel of ING sifts through the evidence and tells R...Show More
2018 call? Dollar's gonna fall

10:29 | Dec 14th, 2017

2017 was a year of transition, says Nick Gartside of JP Morgan Asset Management, as growth became more global and central banks adjusted monetary policy towards normalisation. That sets up 2018 as a year for accelerated growth and rising inflation, h...Show More
Trapped in the headlights?

11:54 | Dec 7th, 2017

BNY Mellon's Simon Derrick talks to Katie Martin about the curious case of stable sterling, the pending wave of tighter monetary policy, and the hidden signs of nerves in global markets.
Currencies on the move

10:17 | Nov 30th, 2017

Roger Blitz discusses the impact on the currency markets of signs of Brexit breakthroughs and movement on US tax cuts with Richard Benson of Millennium Global. 
Markets give Merkel troubles a miss

10:11 | Nov 23rd, 2017

The German chancellor's coalition problems had only a fleeting impact on the euro, as investors were more interested in rising business confidence in the eurozone. George Papamarkakis of North Asset Management tells Roger Blitz why the single curren...Show More
Bears clouding Goldilocks outlook

09:29 | Nov 16th, 2017

Market jitters have hit equities, junk bonds and emerging market currencies. Is this something for forex investors and others to worry about? No, State Street's Michael Metcalfe tells Roger Blitz, but although the global economy remains in "Goldilock...Show More
A year in the life of forex

10:20 | Nov 9th, 2017

Donald Trump's election victory 12 months ago set off a dollar rally and protectionism fears, and heightened political risk in Europe. Roger Blitz asks Eoin Murray of Hermes Investment Management whether markets are more immune to shock, if benign fo...Show More
Can Carney convince the markets?

10:34 | Nov 2nd, 2017

The first Bank of England rates hike in a decade left forex investors underwhelmed. With the economy sluggish and wage growth limited, John Wraith of UBS tells Roger Blitz why BoE governor Mark Carney is risking a policy mistake
The long and noisy road toward normal monetary policy

09:46 | Oct 26th, 2017

In the week the European Central Bank outlined its plans to wind down stimulus, Stephen Gallo of the Bank of Montreal joins Michael Hunter to tune into the signals hidden in the noise
All talk, not much currency action

09:33 | Oct 19th, 2017

Investors couldn't help notice the impasse in negotiations over Nafta, Brexit and Catalonia, but did they care very much? Michael Sneyd of BNP Paribas tells Roger Blitz why the foreign exchange market is more interested in central bank developments t...Show More
EM contains contagion risk

11:23 | Oct 12th, 2017

Investors brushed off the plunge in the lira as a Turkish difficulty rather than wider issues with emerging market currencies. Is EM FX less vulnerable these days to contagion, or are there more pressing worries for EM, such as a rising dollar, China...Show More
Take me to your leader

09:27 | Oct 5th, 2017

Whether it is the choice of Federal Reserve chair, Japan's election, Theresa May's chaotic speech or Catalonia's bid for independence, leadership has been the dominant theme moving currencies, as Itay Tuchman of Citigroup explains to Roger Blitz
Policymakers push politicians aside

08:41 | Sep 28th, 2017

Politics was the driver of the forex market at the start of the year, but its influence is now waning, says HSBC's David Bloom. Investors are far more focused on monetary policy and interest rate differentials, he tells Roger Blitz, although pockets ...Show More
Fed can't feed the dollar beast

09:43 | Sep 21st, 2017

A hawkish Federal Reserve pushed the dollar higher, but investors stopped short of igniting a full-throttle greenback rally. That is because their focus is on the interest rate deliberations of other central banks, Swissquote's Peter Rosenstreich tel...Show More
Carney hawks the case for higher rates

10:47 | Sep 14th, 2017

The Bank of England is leaning towards a rate hike, pushing the pound higher. But does UK data justify the bank's hawkishness, and is sterling's elevated level warranted in the context of ongoing Brexit uncertainty? Jeremy Cook of World First talks t...Show More
Mario can't drag down the euro

10:16 | Sep 7th, 2017

Worries about euro volatility featured heavily in ECB president Mario Draghi's press conference this week. But if he was trying to talk down the euro, he failed, says Commerzbank's Max Kettner. He tells Roger Blitz what this means for the euro now an...Show More
Emerging market currencies: Comeback kids

09:50 | Aug 31st, 2017

After a hammering from Donald Trump's election, emerging market currencies have sprung back in style. Paul McNamara from GAM talks to Katie Martin about Donald's dollar, global growth, and whether Tajik bonds are the latest sign of exuberance.
Dollar and sterling concerns

12:50 | Aug 24th, 2017

Is the dollar flickering back into life and when will the pound reach its bottom against the euro? Richard Blackden puts these questions to Simon Derrick of BNY Mellon.
Plotting the pound's pivotal data point

10:11 | Aug 17th, 2017

Sterling found support this week after strong wages and jobs data. The rebound followed lacklustre inflation data, but after a multi-decade high for employment and a forecast-beating rise in incomes, have the Bank of England's hawks been left with mo...Show More
Risk of “fire and fury” lifts havens

10:06 | Aug 10th, 2017

Geopolitical risk made its presence felt across the currencies spectrum this week, as Donald Trump and Kim Jong Un clashed over North Korea's nuclear ambitions. Lee Hardman of MUFG joins Michael Hunter to measure the market's reaction.
Sterling suffers after BoE loses a hawk and cuts growth forecasts

10:30 | Aug 3rd, 2017

The pound received a pummeling after the Bank of England voted 6-2 to leave rates on hold and cut growth forecasts in its quarterly inflation report. John Wraith, head of UK rates strategy and economics at UBS joins the FT's Michael Hunter to plot wh...Show More
Wither the dollar?

10:33 | Jul 27th, 2017

The world's reserve currency hit a 14-month low after the Fed's statement on monetary policy this week. Concern about the US central bank's preoccupation with softer-than-expected inflation put the dollar under broad pressure. Stephen Gallo, European...Show More
Calling Draghi's bluff

11:09 | Jul 20th, 2017

If ECB president Mario Draghi was hoping his press conference would temper market expectations about tapering, he didn't succeed, as the euro pulled higher. Valentin Marinov of Credit Agricole looks at the key takeaways from the ECB meeting and concl...Show More
Neighbours facing two ways

11:09 | Jul 13th, 2017

Canada raised rates, unworried that inflation remains below target. But doubts about inflation targeting resurfaced in the US. Kamal Sharma at Bank of America Merrill Lynch tells Roger Blitz why central bank views on prices differ, and how the debate...Show More
Who let the hawks out?

12:18 | Jul 7th, 2017

Central bankers are thinking of turning off the taps all over the world, sending markets into a spin. But with the trend so widespread, it's tough to see where this leaves currencies, Peter Schaffrik of RBC tells Katie Martin.
Dollar down but far from done

11:37 | Jun 29th, 2017

Markets took their cue from policymakers' speeches at a central bank gathering this week to inject new life into the euro and the pound. But Steven Saywell of BNP Paribas tells Roger Blitz that he believes they are too bearish about the US and are mi...Show More
All change at Central Bank station

15:17 | Jun 22nd, 2017

The Bank of England split highlights how central banks are preparing to end years of easing and shift to monetary tightening. But how fast will the change come and how will the pound and other currencies respond? Commerzbank's senior economist Peter ...Show More
Gyrating dollar, sea-sick sterling and a loveable loonie

12:42 | Jun 15th, 2017

Bilal Hafeez of Nomura steers Roger Blitz through a turbulent forex week, which saw markets downplay the hawkish rate hike of the Federal Reserve, buy and sell the pound on a hung parliament, Brexit uncertainty and Bank of England dissent and get cau...Show More
Not getting hung up about the pound

16:20 | Jun 9th, 2017

The election of a minority Tory government has thrown the UK into another bout of political uncertainty, yet investors are not rushing to ditch sterling. Kit Juckes of Societe Generale and Simon Derrick of BNY Melllon tell Roger Blitz why its relativ...Show More
The pound goes to the polls

10:12 | Jun 1st, 2017

Derek Halpenny from MUFG joins Michael Hunter to assess the outlook for the pound in the final run-up to the UK election, and also takes a look at the political risk faced by a resurgent euro
Forex circling like a shadow-boxer

10:05 | May 25th, 2017

A stronger euro, a weaker dollar, a nervous pound - currencies sparred with each other but none looked capable of delivering a knockout blow. Tim Graf of State Street tells Roger Blitz why the market is in a circumspect, defensive mood
China chill trumps Washington worries

13:12 | May 18th, 2017

A frenzied week in forex saw the dollar and emerging market currencies come under fire, while investors loved the euro and took the pound through $1.30. Jane Foley of Rabobank sifts through the moves and tells Roger Blitz that while Donald Trump's wo...Show More
Keep EM and carry on

11:58 | May 12th, 2017

China is tightening liquidity, commodities have fallen, oil is volatile. So why is Goldman Sachs' Kamakshya Trivedi upbeat about emerging market currencies? It's all about current account balances, inflation, very good trade data and a shift in polit...Show More
Smoking May, red-hot June

10:35 | May 4th, 2017

Millennium Global's Richard Benson talks to Roger Blitz about the forex developments of the week, including the pound's resilience in the face of a furious Brexit brawl and the likely impact on the dollar and the euro if next month delivers both a US...Show More
Big currencies look spent as other options emerge

10:30 | Apr 28th, 2017

There are too many snags to offer a convincing case for buying the dollar, the euro and sterling, says Adrian Owens of GAM. He tells Roger Blitz why he thinks there are better opportunities in emerging market currencies
Sterling gets the market's vote

08:24 | Apr 20th, 2017

Theresa May's snap election caused a surge in the pound and had investors purring at the idea that a smooth Brexit is coming. Roger Hallam of JP Morgan Asset Management tells Roger Blitz whether he thinks the market's optimism is justified and looks ...Show More
Markets mull meddling Mélenchon

09:32 | Apr 13th, 2017

Investors seemed fairly relaxed about the French presidential election until far-left candidate Jean-Luc Mélenchon spoiled their mood by polling strongly. Nomura's Jordan Rochester tells Roger Blitz what his emergence spells for the euro and explains...Show More
No room for complacency on the pound

09:20 | Apr 6th, 2017

The official start of Britain's negotiations to leave the EU hasn't done further damage to the pound. But George Saravaleos, head of currency research at Deutsche Bank, says that the messy politics of Brexit will eventually catch up with sterling.
Keep on down the road of optimism, but mind the bumps

07:54 | Mar 31st, 2017

The first quarter's popular bets - strong dollar, weak peso, high yields - did not pan out the way investors expected. But Ugo Lancioni of Neuberger Berman tells Roger Blitz that the next few months promise decent returns in forex despite ongoing wor...Show More
Who's doing good from dollar doldrums?

09:44 | Mar 24th, 2017

Not many, says Steven Barrow of Standard Bank. There may be some short-term upside for the euro, the pound and emerging market currencies, he tells Roger Blitz, but none of these are likely to stay supported as investors itch to revive the dollar ral...Show More
Worried dollar and sterling bulls - worry not

08:38 | Mar 17th, 2017

A dovish Federal Reserve is giving grief to the greenback, but Sam Lynton-Brown of BNP Paribas tells Roger Blitz there is good reason to expect the dollar to keep rising, while there is a fair chance that sterling will enjoy short-term support
Eurozone on the move, but not the euro

08:42 | Mar 10th, 2017

Strong Eurozone growth and inflation has increased talk about the European Central Bank moving away from easy monetary conditions. But Max Kettner of Commerzbank tells Roger Blitz why the case for a stronger euro is balanced at best
Fed in fashion, but don't discount the Donald

08:13 | Mar 3rd, 2017

Hawkish rhetoric from Federal Reserve officials was the big dollar driver this week, but Steven Englander of Citigroup tells Roger Blitz why investors should still keep faith in the Trumpflation trade
Dollar doubts, French fears, steady sterling

07:56 | Feb 24th, 2017

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, f...Show More
Sterling's puzzling purple patch

12:42 | Feb 17th, 2017

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 doll...Show More
Teed off Trump wages war on FX

08:33 | Feb 9th, 2017

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
Gaming Trump and Brexit transition

07:50 | Feb 3rd, 2017

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...Show More
Trump wrecks Mex FX

07:56 | Jan 27th, 2017

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
Trading Theresa and Trump

08:13 | Jan 19th, 2017

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 o...Show More
Dollar declines as markets doubt Donald will deliver

08:10 | Jan 13th, 2017

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 dolla...Show More
Quiet start to 2017? FX traders beg to differ

08:16 | Jan 5th, 2017

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 dolla...Show More
Frazzled by 2016? Stand by for more FX furore

09:10 | Dec 22nd, 2016

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
Yellen and shoutin' about US data

07:17 | Dec 15th, 2016

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...Show More
Fancy an FX punt on 2017?

08:08 | Dec 8th, 2016

After the turbulence of 2016, Saxo Bank chief economist Steen Jacobsen dares to offer Roger Blitz his predictions for next year, including a stronger pound and yen, and a dollar that disappoints its bull advocates
Markets set for month of melodrama

08:31 | Dec 1st, 2016

November awoke investors' animal spirits, no more so than in the dollar rally, but Alan Wilde of Barings tells Roger Blitz that pitfalls lie in the way throughout December
Donald's dollar?

07:35 | Nov 24th, 2016

The US currency is on a tear, but it's not all down to Donald Trump, Silvia Ardagna from Goldman Sachs tells Katie Martin. With investors finally catching up to US economic strength, an overshoot in the buck is easy to imagine.
The art of investing in political risk

08:06 | Nov 17th, 2016

A market that is learning to tread cautiously when it comes to politics has become remarkably gung-ho about what Donald Trump's election victory means for the dollar and the US economy. Kamal Sharma of Bank of America Merrill Lynch tells Roger Blitz ...Show More
Donald drives the dollar

08:46 | Nov 11th, 2016

We don't know which of his policies President Trump will be able to implement, Nomura's Bilal Hafeez tells Roger Blitz - but it's a pretty reasonable bet that a period of dollar strength is coming
Pound soars, and other trades you have missed

08:17 | Nov 3rd, 2016

Political risk once again messed with foreign exchange investors, putting pressure on the dollar in the week before the US election and boosting the pound. Paul Lambert at Insight Investment tells Roger Blitz why this is no time for conviction tradin...Show More
Watching the renminbi

10:14 | Oct 27th, 2016

Geoffrey Yu of UBS Wealth Management puts this week's record low for the offshore version on China's currency into context, and tells Michael Hunter what the market will be looking at for the renminbi towards the end of 2016.
Calm before the storm

13:26 | Oct 20th, 2016

Expectations this week of big moves in the pound, the dollar and the euro all failed to materialise. Simon Derrick of BNY Mellon tells Roger Blitz why this may not last long, as a US election and continuing Brexit worries exercise market minds
Beware the Brexit bounce

13:25 | Oct 13th, 2016

No one likes the pound right now as the market focuses heavily on UK politics, but Steven Saywell at BNP Paribas tells Roger Blitz that investors are leaning too heavily towards selling sterling and so a rebound is on the cards
Hard Brexit and taper tantrums

08:37 | Oct 6th, 2016

Sterling bashers have once again got the upper hand as the UK seems to swing towards a messy divorce from the EU, while eurozone markets are chewing over the potential for the ECB to turn off the stimulus taps. Frederik Ducrozet of Pictet Wealth Mana...Show More
EM-brace the opportunity

13:01 | Sep 30th, 2016

While rates remain so low in G10 and the Federal Reserve sticks to a gradual rate path, the case for investing in emerging markets just gets stronger, Roger Hallam of JP Morgan Asset Management tells Roger Blitz
The (trade) trouble with Trump

08:57 | Sep 22nd, 2016

Mexico's rapidly weakening peso shows how the tightening US election polls are focusing market minds on what a Trump-led protectionist policy might mean for America's trading partners. Paul McNamara of GAM discusses with Roger Blitz the implications ...Show More
Speak and ye shall find

15:31 | Sep 15th, 2016

Could the Federal Reserve learn something about how to communicate to the market from the Swiss National Bank? Peter Rosenstreich of Swissquote and FT Switzerland correspondent Ralph Atkins join Roger Blitz to discuss how currencies respond to policy...Show More
Euro 0, Sterling 1 (Dollar wins on penalties)

13:57 | Sep 8th, 2016

While the European Central Bank tackles a sceptical market, the Bank of England takes credit for surprising UK economic data. But as Rabobank's Jane Foley tells Roger Blitz, it's the US that really calls the shots.
Renminbi watch

09:25 | Sep 2nd, 2016

The market has become more sanguine about the devaluation of the Chinese currency in recent months. Geoffrey Yu of UBS discusses what has changed and tells Rochelle Toplensky what we can expect in the event of a Fed rate rise.
Psst... wanna buy the euro?

12:16 | Aug 26th, 2016

The pound, the yen and the dollar have dominated FX in 2016, putting the euro in the shade. But as Dominic Bunning of HSBC tells Roger Blitz, there is growing resilience in the performance of the single currency and that is set to continue.
Stronger sterling stokes slow summer

10:53 | Aug 18th, 2016

A pick-up in the pound, a call to rethink Federal Reserve strategy, yen strength and US rate hike talk awoke FX traders from their sunbeds. Societe Generale's Kit Juckes sifts through the week's developments and tells Roger Blitz which of them really...Show More
China's renminbi one year on: One step at a time from the PBoC

13:40 | Aug 11th, 2016

Stephen Gallo from the Bank of Montreal looks back at China' s move to devalue its currency a year ago, and tells Michael Hunter that policymakers have since adopted a softly-softly approach to ensuring the renminbi can reflect the rebalancing of its...Show More
Time is ripe for commodity and emerging market currencies

08:09 | Aug 4th, 2016

The Bank of England's rate cut, a stuttering US economy and the ongoing difficulties of the eurozone should help currencies linked to commodities and strong emerging markets, Koon Chow of UBP tells Michael Hunter.
'Mary Poppins' monetary policy

10:49 | Jul 28th, 2016

The outlook for policy at central banks id back at the forefront of the market. Hans Redeker, global head of FX strategy at Morgan Stanley, joins Michael Hunter to discuss if policymakers will ever have conditions that are 'practically perfect in eve...Show More
Traders not yet Trumped by the Donald

13:13 | Jul 21st, 2016

The dollar is on the rise, suggesting the market is either unfazed by the prospect of a Trump presidency or has yet to focus on it. Jordan Rochester of Nomura tells Roger Blitz that a Trump triumph wouldn't be the first "shock" to be ignored by the m...Show More
Meanwhile, in a world beyond Brexit...

12:34 | Jul 14th, 2016

Steven Englander of Citigroup tells Roger Blitz why global concerns have moved on from the UK's European travails to the search for yield, China and Trump
Building barriers round Brexit

13:46 | Jul 7th, 2016

The UK vote was a shock, but is it a systemic one? Michael Metcalfe of State Street tells Roger Blitz there are already signs that the rest of the world can quarantine the impact of Brexit around the UK
Brexit carnage calls for calm Carney

11:44 | Jun 30th, 2016

With sterling heading south and no sign of an end to UK political instability, the market will be looking to the Bank of England governor to calm nerves, Baring Asset Management's Alan Wilde tells Roger Blitz
Brexit - bad for Britain, worse for Europe

13:45 | Jun 24th, 2016

In an EU referendum special, Roger Blitz discusses the short and long-term consequences of the shock victory for the Leave camp with FX strategists Simon Derrick of BNY Mellon and Kit Juckes of Societe Generale. They also discuss where the pain will ...Show More
Get ready for a rocky Brexit ride

13:24 | Jun 17th, 2016

Leaving the EU will have a number of potential knock-on effects, John Wraith of UBS tells Roger Blitz - including a UK rate cut, the return of QE, eurozone pressures and a sharp drop in the pound. But if history is a guide, sterling could well return...Show More
Brexit trumps The Donald - for now

10:22 | Jun 9th, 2016

On the FX battlefield, investors worry about the EU referendum but not a Trump presidency. That won't last, Jeremy Cook of World First tells Roger Blitz
Learning to live with a strong yen

09:33 | Jun 2nd, 2016

The yen hasn't followed the script so far this year, at least that of Japanese prime minister Shinzo Abe and the Bank of Japan. Its rise against the dollar this year is causing a headache, and Morgan Stanley's Hans Redeker tells Richard Blackden why ...Show More
Great Worry of China

12:06 | May 27th, 2016

A fall in the yuan's daily fix to a five-year low has the market wondering whether China is heading for another bout of currency devaluation jitters. Paul McNamara of GAM tells Roger Blitz that a strong dollar is bound to cause problems for China, bu...Show More
Dialling the dollar back in

11:38 | May 20th, 2016

You thought dollar weakness was here to stay? Think again, Société Générale's Vincent Chaigneau tells Roger Blitz, as market assumptions are once again turned on their head. Don't assume, however, that a strong dollar means a weak yen and don't be su...Show More
In the market for political change

11:47 | May 13th, 2016

Markets used to take political risk in its stride - not any more, says Ousmene Mandeng of New Sparta Asset Management. He tells Roger Blitz why markets have become so sensitive to Brexit, Trump and other geopolitical events
Roll up for RORO

09:37 | May 5th, 2016

Bad news is good news, HSBC's David Bloom tells Roger Blitz, as a weak dollar and Federal Reserve caution opens up the currency market to a risk-on, risk-off climate. But when does bad news become bad news?
Yen yields, but not Yellen

12:13 | Apr 29th, 2016

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.
Positions of weakness

11:30 | Apr 22nd, 2016

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.
EM-brace the change

12:19 | Apr 15th, 2016

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.
Nervous times for yen watchers

11:26 | Apr 7th, 2016

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.
Market muddles policymakers' minds

12:41 | Mar 31st, 2016

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.
Phoney wars

12:27 | Mar 24th, 2016

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.
On the wings of the doves

10:41 | Mar 18th, 2016

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
EUR kidding me

12:59 | Mar 10th, 2016

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.
Market mind games

12:42 | Mar 4th, 2016

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?
Boris and the Brexit bears

12:20 | Feb 26th, 2016

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.
Yen's resilience and the wider return of political risk

09:44 | Feb 18th, 2016

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 currenc...Show More
Could debt write-offs loom?

10:48 | Feb 11th, 2016

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 ...Show More
Super Thursday, super sterling?

09:42 | Feb 5th, 2016

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.
Bashed by Brexit? Sterling's rough run

08:43 | Jan 28th, 2016

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.
Choice words

09:47 | Jan 22nd, 2016

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.
China and oil - the FX fallout

13:43 | Jan 15th, 2016

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...Show More
Unhappy new year

12:43 | Jan 8th, 2016

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.
How did she rate?

10:27 | Dec 18th, 2015

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 sh...Show More
China floats renminbi boat

12:55 | Dec 11th, 2015

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...Show More
Not so super, Mario

10:10 | Dec 4th, 2015

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 di...Show More
Mind the gap

13:58 | Nov 27th, 2015

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.
Leave EM be

14:22 | Nov 20th, 2015

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
Drag on the market

12:53 | Nov 12th, 2015

As Mario Draghi continues to talk down the euro, Roger Blitz discusses with Derek Halpenny of Bank of Tokyo-Mitsubishi UFJ the ECB's president's options for further monetary easing, and what the dollar's strength means for the yen and emerging market...Show More
Fireworks at the Fed, BoE backs off

13:24 | Nov 6th, 2015

Roger Blitz asks Kit Juckes of Societe Generale what he makes of Federal Reserve chair Janet Yellen's increasingly optimistic words on a December rate hike, and how they contrast with the surprising dovishness of Bank of England governor Mark Carney.
Will there be a Christmas rate rise from the Fed?

08:10 | Oct 29th, 2015

Just how hawkish is Janet Yellen really feeling after this week's US Federal Reserve meeting raised the prospect of a festive-season rate rise? Michael Hunter talks to Steven Saywell of BNP Paribas on what the Fed really means and what it means for ...Show More
All eyes on China

11:50 | Oct 22nd, 2015

How wobbly is the Chinese economy and what impact will this have on its trading partners. Are we in for a sustained period of market instability? Roger Blitz discusses these and other currency market questions with Simon Derrick of BNY Mellon
EM emerging from the doldrums?

12:03 | Oct 15th, 2015

Roger Blitz asks Dominic Bunning of HSBC what's behind the recent sprightliness of some emerging market currencies. Can the new-found optimism last, or is it a short-term reversal?
Mate's rates wait grates for Britain

11:23 | Oct 8th, 2015

What influence is the Federal Reserve's rate hike caution having on its transatlantic partner? Roger Blitz talks to Ian Stannard of Morgan Stanley about Britain's inflation problem, the drawbacks in the UK economy and the impact of sterling fluctuati...Show More
Holes in the walls of the Brics

11:53 | Oct 1st, 2015

In a week dominated by Brazil, Russia, India and China, Roger Blitz and Ilan Solot of Brown Brothers Harriman discuss why the Bric countries continue to show why they are important to the currency market despite the growing gulf in the fortunes of th...Show More
Adjusting to the new FX reality

11:47 | Sep 24th, 2015

Roger Blitz talks to Marvin Barth of Barclays about market turbulence, the impact of slowing growth in China, the spread of "Dutch disease" and the trend for central banks to opt for negative interest rates
Of currencies and current affairs

18:35 | Sep 17th, 2015

What do migrants, robots and the political left have to do with FX? Paul Lambert of Insight Investment talks to Roger Blitz about some of the big issues of the day and why everyone from policy makers to FX traders and analysts cannot ignore them.
Fed up with waiting

14:55 | Sep 10th, 2015

Steven Englander of Citigroup tells Roger Blitz how the rest of the world views the Fed's contortions over its rate hike options, why some central banks are gripped by paralysis and what the ideal circumstances might be in the US economy for a rate h...Show More
The inflation conundrum

13:52 | Sep 3rd, 2015

Vincent Chaigneau of Société Générale tells Roger Blitz how falls in commodity prices and emerging market currencies are making it harder for central banks in developed countries to reach their inflation targets.
Surprised by the surprise

13:48 | Aug 27th, 2015

Why the panic? Paul McNamara, portfolio manager at GAM Holding, tells Roger Blitz why the markets should not have been shocked by China's slowing economy, how it plays on the Fed's rate hike calculations and why the bottom in emerging market currenci...Show More
China contagion spreads

08:33 | Aug 20th, 2015

Roger Blitz and Jane Foley of Rabobank discuss the repercussions of China's economic weakness, with emerging market fundamentals laid bare and the Fed's dilemma over when to move on interest rates intensified.
China's dramatic policy shift

12:50 | Aug 13th, 2015

A dramatic shift in China's exchange rate policy has seen the renminbi fall for three consecutive days, throwing the markets off course. Roger Blitz asks Charles St-Arnaud of Nomura what this critical moment in the world's biggest economy signals for...Show More
Lessons of Super Thursday

11:15 | Aug 6th, 2015

Michael Hunter is joined by Stephen Gallo of Bank of Montreal to discuss what we learnt about the timing and pace of the Bank of England's next move on interest rates, the performance of the pound, and the risks weighing on the minds of Fed and BoE p...Show More
Show me the data

10:33 | Jul 30th, 2015

Geoff Yu, strategist at UBS, tells Michael Hunter which numbers the Fed will be looking at as the approaching US rate rise dominates the market. He also offers a view on the curious strength of the euro, sterling's prospects and the outlook for emerg...Show More
All eyes on the screens

10:38 | Jul 23rd, 2015

Kamal Sharma, currency strategist at Bank of America Merrill Lynch, tells Roger Blitz when he thinks the Fed and the Bank of England will move on rates, as data continues to drive the markets
Crises, what crises?

13:26 | Jul 16th, 2015

As worries about Greece, China and the oil price ease in the forex market, Roger Blitz talks to Alan Wilde of Baring Asset Management about whether the market really has recovered its risk appetite and about just how hawkish the UK and US central ban...Show More
Yen, dollar, or duvet?

11:20 | Jul 9th, 2015

After a week when China added to market nerves already frayed by Greece and the price of oil took a dive, Roger Blitz asks Hamish Pepper, currency strategist at Barclays how investors should react. Should they flock to the yen, the haven of the momen...Show More
Greece-free zone

13:10 | Jul 2nd, 2015

Steven Englander, head of global FX strategy at Citigroup, tries to avoid talking about the Greek debt crisis with Roger Blitz, and instead discusses the currency themes from the first half of 2015 and what to expect for the rest of the year
Terminal illness or just a scratch?

10:59 | Jun 25th, 2015

Adam Cole of Royal Bank of Canada talks to Roger Blitz about the health of the euro in the climate of the Greek crisis, and why risk appetite in the currency universe may be short-lived.
Markets unruffled by Greece as Fed signals caution

10:23 | Jun 18th, 2015

Roger Blitz talks to Stephanie Flanders, chief market strategist for Europe at JP Morgan Asset Management, about what Fed Chair Janet Yellen's statement means for the likelihood of a September rate rise, Greece's impact on the euro, and whether the p...Show More
Of gods and governors

00:07 | Jun 11th, 2015

Matthew Cobon, fund manager at ColumbiaThreadneedle, tells Roger Blitz why central bankers are not as omnipotent as the markets think they are, why he is steering clear of emerging markets, and where volatility is coming from.
The euro-dollar rally, central bank signals and risk around the Turkish election

09:40 | Jun 4th, 2015

Roger Blitz is joined by David Bloom, global head of currency strategy at HSBC, to discuss the euro-dollar rally, how the markets read the Fed's forward guidance and other central bank signals, and political risk in forex ahead of the Turkish electio...Show More
Will volatility spikes lead to something much bigger?

08:15 | May 28th, 2015

Ralph Atkins and his guest John Normand of JP Morgan discuss recent patterns of currency turbulence, why the Yen has fallen - and what will happen to sterling as UK election excitement fades
Which way for the Japanese yen?

09:10 | May 21st, 2015

Roger Blitz and his guest Ian Stannard of Morgan Stanley discuss where the Japanese currency is headed now that it has broken out of its long-held range, as well as this week's euro volatility.
US data put a dampener on markets

00:14 | May 14th, 2015

Roger Blitz is joined by Ugo Lancioni of Neuberger Berman to discuss the US economy's weak performance and its impact on the currency markets, whether the eurozone is on a sustained path to recovery, and the post-election shine on sterling.
A week of corrections

08:51 | May 7th, 2015

Roger Blitz discusses this week's market unwinding with Roger Hallam, of JPMorgan Asset Management. With the dollar down, the euro up, Brent crude oil close to $70 a barrel and bonds being sold off, is this a return to some semblance of normality?
Hard Currency election special - sterling risk or UK resilience?

14:21 | Apr 30th, 2015

A week before the UK poll, Sam Hill of RBC Capital Markets and Tina Fordham from Citigroup talk to Roger Blitz about how the market views a hung parliament, Brexit, Scottish nationalism and the relative health of the UK economy
The waiting game

08:24 | Apr 23rd, 2015

As the currency market prepares for the Federal Reserve's next move, further talks on Greece and the UK election, Lena Komileva of G Plus Economics discusses how the US is preparing the global economy for a rate increase, why the euro decline isn't g...Show More
Losing faith in the euro

09:51 | Apr 16th, 2015

Roger Blitz talks to Steve Barrow of Standard Bank about his damning assessment on the euro, the rapid descent of German bund yields and the weak link between a country's growth prospects and its currency.
The dollar bull run and surprising the markets

07:35 | Apr 9th, 2015

Ralph Atkins is joined by Peter Kinsella of Commerzbank to discusses the great dollar bull run, whether the Bank of Japan will ease monetary policy further, and the increasing trend by central banks around the world to surprise the markets.
Reflections on the first quarter

09:45 | Apr 2nd, 2015

Roger Blitz, joined by Paul Lambert of BNY Mellon's Insight Investment fund, looks back at the seismic forex events in the first quarter and ahead to Good Friday's US jobs data - the next big event on the currencies radar.
Dollar rally loses steam

01:01 | Mar 26th, 2015

Roger Blitz is joined by Kit Juckes, global strategist at Société Générale, to discuss where next for the dollar, what's causing forex volatility and whether markets will be taking a more data-driven view of currency values.
How does the Fed view the dollar's rise?

11:29 | Mar 19th, 2015

Roger Blitz discusses the FOMC policy statement and the dramatic moves in the currency markets with Marc Chandler, global head of markets strategy at Brown Brothers Harriman.
Euro decline outpaces expectations

09:57 | Mar 12th, 2015

Roger Blitz is joined by Jane Foley, senior strategist at Rabobank to discuss the start of Quantitive Easing in the eurozone and the rapid pace of the euro's decline against the dollar.
Hard Currency: How low can the euro go?

10:30 | Mar 5th, 2015

As the euro once again touches new lows against the dollar, Roger Blitz discusses the resumption of euro-funded carry trade and what are the biggest factors at play with Simon Derrick, chief currency strategist at BNY Mellon.
How far are interest rate expectations supporting sterling?

09:09 | Feb 26th, 2015

With the pound up about 4 per cent against the dollar since hitting a cyclical low in January, and up about 5 per cent against the euro over the same period, how much are interest rate expectations supporting the UK currency. Neil Dennis discusses st...Show More
Fed sets the dollar tone

00:04 | Feb 19th, 2015

Vivianne Rodrigues talks to Vassili Serbriakov, foreign exchange strategist at BNP Paribas about the impact of this week's Fed minutes on the US dollar, the release of the eurozone balance of payments reports and the Bank of England's comments about ...Show More
Sweden joins moves to drive down currencies

08:15 | Feb 12th, 2015

Neil Dennis is joined by Lee Hardman, strategist at Bank of Tokyo Mitsubishi to discuss central bank strategies as Sweden's Riksbank becomes the latest to lower its key interest rate in a bid to drive down its currency.
ECB raises the stakes against Greece

08:44 | Feb 5th, 2015

Neil Dennis is joined by Steve Barrow from Standard Bank to discuss the ECB's decision to raise the stakes against Greece by tightening the Greek Central Bank's access to liquidity and the possible domino effects, the Australian Central Bank's move t...Show More
Fed shows little concern over the dollar's rise

10:37 | Jan 29th, 2015

Neil Dennis talks to Jane Foley, senior currency strategist at Rabobank about the Fed's apparent unconcern over the dollar's rise, whether the Australian dollar is overvalued, and why the euro appears unruffled by the ECB decision on QE and a new har...Show More
Euro falls after ECB move

11:05 | Jan 22nd, 2015

Alice Ross talks to foreign exchange strategist Sebastien Galy of Societe Generale about the reasons why the Euro fell to its lowest level in more than a decade after the ECB announced its long-awaited decision on quantitative easing.
What the Swiss franc surge means for investors

01:03 | Jan 15th, 2015

On the day the the euro dipped to its lowest-ever level against the Swiss franc following the Swiss National Bank's surprise decision to scrap its currency floor against the single currency, Alice Ross talks to Marc Chandler, global head of market...Show More
What will the ECB do next?

08:33 | Jan 8th, 2015

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 a...Show More
Is QE priced into the euro for 2015?

09:39 | Dec 26th, 2014

With all eyes on the European Central Bank for January, is full-blown quantitative easing priced into the single currency yet? Alice Ross, markets correspondent, discusses the outlook for the euro, as well as the dollar and the yen in 2015, with P...Show More
Will negative rates help the Swiss franc?

08:48 | Dec 18th, 2014

Will Switzerland's introduction of negative interest rates help it keep the franc weak in the face of haven flows amid Russia's currency crisis? Alice Ross, markets correspondent, asks Steven Englander, foreign currency strategist at Citigroup, wh...Show More
Is the dollar's rise unstoppable?

11:29 | Dec 12th, 2014

As the dollar continues to smash through multi-year highs against other major currencies, Alice Ross, markets correspondent, asks Jason Thomas, managing director and director of research at Carlyle, what the risks are for dollar bulls. Also, how US i...Show More
The year of the dollar?

08:57 | Dec 4th, 2014

With a lower oil price likely to reinforce the divergence of US and EU monetary policy, Delphine Strauss, currencies correspondent, asks Marc Chandler, strategist at Brown Brothers Harriman, what the risks are to the overwhelming consensus that the d...Show More
The crowded dollar trade

07:19 | Nov 20th, 2014

With the dollar at a 7 year high against the yen, Delphine Strauss, currencies correspondent, asks David Bloom, currency strategist at HSBC, what it will take to reignite its rally against other major currencies. Also, does the Save our Swiss Gold In...Show More
The rouble's slide

08:13 | Nov 6th, 2014

As an effective free float of the rouble drives the currency to all-time lows, Delphine Strauss, currencies correspondent, is joined by Tom Levinson, strategist at Sberbank CIB, to discuss the change in policy. Will Russia's central bank step in to d...Show More
A new tone from the Fed

06:36 | Oct 30th, 2014

After a hawkish policy statement from the US Federal Reserve, Delphine Strauss, currencies correspondent, asks Michael Sneyd, currency strategist at BNP Paribas, whether this will revive the dollar rally. Also, what to expect from ECB policy makers n...Show More
After the flash crash

00:56 | Oct 23rd, 2014

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 En...Show More
The return of volatility

08:10 | Oct 15th, 2014

After the greenback's biggest one-day fall in more than a year, Delphine Strauss, currencies correspondent, asks Matthew Cobon, fund manager at Threadneedle Investments, whether this is the end of the dollar rally; whether volatility will persist; an...Show More
The dollar rally stalls

00:12 | Oct 9th, 2014

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 c...Show More
How much lower can the euro go?

10:39 | Oct 2nd, 2014

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,...Show More
Taper tantrum round two?

10:01 | Sep 24th, 2014

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 tantrum'...Show More
What Scotland's referendum means for sterling

08:11 | Sep 19th, 2014

With the vote to remain in the union prompting only the briefest rally in the pound, Delphine Strauss, currencies correspondent, asks Alan Wilde, head of fixed income and currency at Baring Asset Management, what the longer term implications of the v...Show More
The dollar rally, interest rate divergence and reasons behind the renminbi’s rise

07:59 | Sep 10th, 2014

After the dollar hit a six year high against the yen this week and gained against emerging markets, Delphine Strauss, currencies correspondent, asks Simon Derrick, foreign currency strategist at Bank of New York Mellon, whether the US currency’s rall...Show More
ECB rate cuts send euro tumbling, and Scottish referendum sends ripples through forex markets

09:22 | Sep 5th, 2014

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 of ...Show More
Can emerging markets withstand a rallying dollar?

05:27 | Aug 21st, 2014

With the dollar's rally putting emerging markets currencies under pressure, Delphine Strauss, currencies correspondent, asks Ilan Solot, strategist at Brown Brothers Harriman, whether emerging markets are now better placed to withstand a rise in glob...Show More
Mixed messages on the pound

07:25 | Aug 15th, 2014

The pound endured its biggest one-day drop in nearly six months on Wednesday. The Bank of England has been sending out mixed messages on when interest rate hikes may or may not occur over recent months - but did the consensus for rate rises change th...Show More
Sterling's uncertain future

07:40 | Aug 8th, 2014

The pound has risen rapidly over the past year. But it fell in July, and faces uncertainties when it comes to Scotland's independence referendum in September. Thomas Hale asks Phyllis Papadavid, currencies strategist at BNP Paribas, what the future h...Show More
The return of the dollar?

08:55 | Aug 1st, 2014

The dollar reached 10-month highs this week on the back of stronger economic growth in the US and a gradually changing horizon for monetary policy. Thomas Hale asks Ian Stannard, head of European currencies strategy at Morgan Stanley, how far the dol...Show More
Shrugging off sanctions

00:21 | Jul 17th, 2014

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 geopol...Show More
Scandinavian surprises

07:50 | Jul 3rd, 2014

As a rate cut by Sweden's central bank sends the krone to a 3 1/2 year low, Delphine Strauss, currencies correspondent, asks Chis Turner, strategist at ING, whether ECB easing has sparked a race to the bottom among the eurozone's neighbours. Also: ho...Show More
Oil volatility

05:55 | Jun 19th, 2014

With the violence in Iraq worsening, Delphine Strauss, currencies correspondent, asks Geoff Yu, currency strategist at UBS, how an oil supply shock would affect currency markets. Also, why dollar bulls face a difficult summer, and what to make of a s...Show More
The carry trade reigns

07:58 | Jun 12th, 2014

With investors piling into higher-yielding currencies, James Kwok, head of currency management at Amundi Asset Management, tells Delphine Strauss, currencies correspondent, why the carry trade is the only game in town. Also, why the ECB will struggle...Show More
The ECB eases

07:56 | Jun 5th, 2014

As markets absorb the ECB's announcement of a negative deposit rate and credit easing, Delphine Strauss, currencies correspondent, asks Jeffrey Frankel, professor at Harvard University Kennedy School of Government, how far this takes the ECB in its f...Show More
Macroprudential measures' impact on sterling

07:31 | May 22nd, 2014

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...Show More
Talking down the euro

07:19 | May 15th, 2014

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 kee...Show More
Can Draghi keep talking down the euro?

06:54 | May 8th, 2014

With the euro close to 2 month highs against the dollar, Delphine Strauss, currencies correspondent, asks Steven Englander, strategist at Citigroup, what Mario Draghi will need to say to stop it rising further if the ECB keep policy unchanged today. ...Show More
Dollar doldrums

06:42 | May 1st, 2014

With the greenback suffering from dismal first quarter growth data, Delphine Strauss, currencies correspondent, asks Peter Kinsella, strategist at Commerzbank, whether dollar bulls can expect any relief from Friday's US jobs data; how to explain the ...Show More
Hard Currency is taking a break

00:16 | Apr 10th, 2014

Hard Currency is taking a short break over Easter, and will be back in the last week of April. Until then, you can read all your FX news at ft.com/fx
Emerging markets special

08:35 | Mar 13th, 2014

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 mark...Show More
How to navigate low volatility

08:26 | Mar 6th, 2014

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...Show More
What's stopping the dollar?

07:45 | Feb 13th, 2014

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...Show More
Is there any relief for emerging markets?

09:13 | Jan 30th, 2014

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 dep...Show More
Where next for the pound?

06:54 | Jan 23rd, 2014

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 different...Show More
The Aussie's plunge

08:44 | Jan 16th, 2014

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 - a...Show More
The dollar’s comeback

08:13 | Jan 9th, 2014

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 ahe...Show More
House prices and the pound

11:04 | Nov 29th, 2013

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 t...Show More
The irrepressible euro

07:08 | Nov 21st, 2013

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 impl...Show More
What to expect from the Fed

08:05 | Nov 14th, 2013

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 eco...Show More
The ECB's euro dilemma

09:39 | Nov 1st, 2013

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

08:35 | Oct 24th, 2013

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 con...Show More
Hard Currency: the dollar after the debt debacle

08:32 | Oct 17th, 2013

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 Be...Show More
The dollar adrift

10:53 | Oct 10th, 2013

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, f...Show More
How will deadlock in debt talks play out in forex markets?

09:16 | Oct 4th, 2013

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 ...Show More
How the tapering delay will play in FX markets

10:37 | Sep 19th, 2013

As investors absorb the Federal Reserve's surprise decision to keep its bond-buying programme steady, Marc Chandler, head of currency strategy at Brown Brothers Harriman, joins Delphine Strauss to discuss how the delay in tapering will play out in FX...Show More
Dollar volatility

09:58 | Jul 14th, 2013

As investors continue to play a guessing game about when the Federal Reserve will start tapering its bond buying programme, Geoff Yu, foreign currency strategist at UBS joins Alice Ross, FT currencies correspondent to discuss the key upcoming data re...Show More
The pound, the euro and central banks' guidance

09:42 | Jul 7th, 2013

After a week of unprecedented forward guidance from the ECB and BoE, what’s in store for the pound and euro? Peter Kinsella, foreign currency strategist at Commerzbank, joins Alice Ross to discuss
Can the US dollar do no wrong?

06:55 | Jun 30th, 2013

The FT's currencies correspondent Alice Ross talks to head of spot fx trading at BNP Paribas Bob de Groot about why the dollar bulls are out in force. Plus, will the arrival of Mark Carney as Bank of England governor encourage investors to short the ...Show More
What does Fed tapering mean for the forex market?

07:04 | Jun 23rd, 2013

Will the US dollar continue to gain against other currencies after the US Federal Reserve said it plans to buy fewer bonds later this year? Plus, what's in store for the floundering Australian and New Zealand dollars, and why is sterling holding up w...Show More
Rollercoaster ride for dollar-yen pair

00:23 | Jun 16th, 2013

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 the Swis...Show More
The impact of yen weakness in Asia

09:12 | Jun 9th, 2013

What effect has the weakness of the Japanese yen had on Japan’s major trading partners in Asia? Alice Ross, FT currencies correspondent, is joined by Koon Chow, head of EM fixed income strategy at Barclays for an Asia currency special, to look at the...Show More
Turning bearish on emerging market currencies

08:16 | Jun 2nd, 2013

Is the recent sell-off in emerging market currencies a response to suggestions the US Federal Reserve will taper its bond buying programme, or a reflection of underlying economic fundamentals? Ilan Solot, emerging market currency strategist at Brown ...Show More
Currency volatility returns

08:24 | May 26th, 2013

After a week of jittery currency markets Kerry Agiasotis of Western Union Business Solutions joins currencies correspondent Alice Ross to discuss where the markets will go from here. Also, the growing internationalisation of the renminbi, and how are...Show More
Commodity currencies and the US dollar

08:19 | May 19th, 2013

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 i...Show More
Yen special

09:42 | May 12th, 2013

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 an...Show More
Where next for the euro in the wake of the ECB rate cut?

09:20 | May 2nd, 2013

This week currencies correspondent Alice Ross is joined by Jane Foley, senior currency strategist at Rabobank to talk about the consequences of the ECB rate cut and Mario Draghi’s comments that the bank’s deposit rate could be cut further. They also ...Show More
Does another rate cut loom for the eurozone?

10:02 | Apr 28th, 2013

With several central bank meetings in the week ahead, FT currencies correspondent Alice Ross is joined by Derek Halpenny, head of European forex research at Bank of Tokyo-Mitsubishi. What impact would there be on the euro if the ECB cut headline inte...Show More
A bumpy ride for commodity currencies

07:53 | Apr 21st, 2013

This week, currencies correspondent Alice Ross is joined by Kit Juckes, global strategist at Société Générale to discuss the correlations between commodity prices, global equities and the so-called commodity currencies of Australia, New Zealand and C...Show More
Ripple effect of the weakening yen

08:24 | Apr 14th, 2013

The Bank of Japan's bond-buying scheme is continuing to ripple through currency markets. Aroop Chatterjee, US forex strategist at Barclays, joins FT's currencies correspondent Alice Ross to discuss what to expect from this week's Ministry of Finance ...Show More
Knee-jerk reaction in the yen

09:55 | Apr 7th, 2013

Valentin Marinov, foreign currency strategist at Citigroup, joins currencies correspondent Alice Ross to discuss the recent sell off of the Japanese yen, after the Bank of Japan announced sweeping measures to drag the country out of deflation. They a...Show More
Is Cyprus a game-changer?

08:13 | Mar 30th, 2013

Paul Lambert from Insight Investment joins Alice Ross to discuss the impact of the crisis in Cyprus on the single currency, the Bank of Japan under a new governor, and whether the market has given up on the Swiss franc haven trade
Cypriot contagion

09:10 | Mar 24th, 2013

George Saravelos, foreign currency analyst at Deutsche Bank, joins currencies correspondent Alice Ross to discuss the euro's indifference to the crisis in Cyprus, whether there will be a knock-on effect on other currencies and the impact for sterling...Show More
Is this the year of dollar strength?

09:14 | Mar 17th, 2013

Nikolaos Panigirtzoglou from JPMorgan's Flows & Liquidity team joins David Keohane of FT Alphaville to look at the consequences of the dollar's strength, how the size of the ECB's balance sheet affects the single currency and whether the halt in the ...Show More
Where next for the euro?

08:11 | Mar 10th, 2013

Kathleen Brooks from Forex.com joins currencies correspondent Alice Ross to discuss the rise in the euro, expectations of more QE in Britain, and whether this year will be one of a strong dollar as the Fed looks set to withdraw monetary easing.
Are the euro and Australian dollar set for further declines?

08:24 | Mar 3rd, 2013

Chris Turner, foreign currency strategist at ING, joins Alice Ross, FT Currencies Correspondent to discuss the outlook ahead of rate setting decisions from the European Central Bank and the Reserve Bank of Australia this week. Plus, would appreciatio...Show More
How much further for the pound?

08:19 | Feb 24th, 2013

Bob Savage of hedge fund FX Concepts joins Alice Ross, currencies correspondent, to discuss the beating that sterling has taken, when the Fed will end QE and the implications for the dollar, and the impact of the election in Italy.
Currency wars - fact or fiction?

09:53 | Feb 17th, 2013

Georgette Boele, currency strategist at ABN Amro, joins currencies correspondent Alice Ross to discuss whether it is fair to say countries such as Japan are engaging in competitive attempts to devalue, what the latest economic data mean for the euro ...Show More
Euro hit as growth worries revived

08:57 | Feb 10th, 2013

Geoff Kendrick, Nomura currency strategist, and Alice Ross, currencies correspondent, discuss the implications of the euro’s sell-off for ECB policy, the prospects for the Japanese yen ahead of the G20 meeting in Moscow and the effect of Mark Carney’...Show More
How far can the euro go?

08:21 | Feb 3rd, 2013

Geoff Yu, UBS currency strategist, joins Alice Ross to discuss how much higher the euro will rise, the outlook for the Swiss franc which has recovered following a big sell-off in January, and the build in bearish momentum on sterling.
Currency wars redux

09:17 | Jan 27th, 2013

Alice Ross, currencies correspondent, and Richard Conyers, the chief investment officer at Harmonic Capital Partners, discuss the reemergence of currency wars, the possibility of intervention in Latin America and the outlook for the euro.
Yen and Sterling set to weaken

09:20 | Jan 20th, 2013

Alice Ross, currencies correspondent and guest Nigel Sillis, director of fixed income and currency research at Barings, discuss market expectations that the new Japanese government will raise its inflation target and weaken the yen, the outlook for t...Show More
The euro surge and the outlook for the Swiss franc

10:19 | Jan 13th, 2013

With the euro close to nine-month highs on signals from the European Central Bank that interest rates are set to hold steady, Alice Ross, currencies correspondent, asks Michael Sneyd, foreign currency analyst at BNP Paribas, whether the rally is set ...Show More
Outlook for 2013

09:18 | Dec 23rd, 2012

The euro has defied expectations, ending the year much higher than predicted. Alice Ross, the FT's currencies correspondent, asks Jose Wynne, head of foreign exchange research at Barclays, what effect the ECB's Outright Monetary Transaction scheme wo...Show More
Shorting the yen

09:30 | Dec 16th, 2012

Investors have been aggressively shorting the Japanese yen in recent weeks in anticipation of a more dovish approach from the Bank of Japan. However, Adam Cole, foreign currency strategist at RBC Capital Markets thinks that these traders are heading ...Show More
Dollar under pressure

09:13 | Dec 9th, 2012

As debate over the fiscal cliff continues and doubts linger over the US’s economic recovery, the market is unsure how to react. Clive Dennis, head of currencies at Schroders, thinks there's a high chance that the US will go over the fiscal cliff. He ...Show More
Challenges ahead for sterling

10:48 | Dec 2nd, 2012

Despite the threat of a sovereign downgrade and concerns over UK growth, Geoff Kendrick, FX strategist at Nomura, tells FT currencies correspondent Alice Ross that there's still hope for sterling. Also under discussion is whether demand for the pound...Show More
Will 2013 be the year of yen weakness?

09:20 | Nov 25th, 2012

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 Davi...Show More
Searching for safe havens

07:32 | Nov 18th, 2012

With event risk affecting currencies, the concern is not what you sell, but what you buy, according to Simon Derrick, chief currency strategist at BNY Mellon. He joins Alphaville reporter David Keohane to discuss which safe havens investors can retre...Show More
Politics and currencies

10:30 | Nov 11th, 2012

In a week dominated by the fallout from the US presidential election, and the Chinese leadership transition FT currencies correspondent Alice Ross talks to Axel Merk, president of Merk Investments about the outlook for the US dollar and Chinese renmi...Show More
Why has the EM rally failed to materialise?

08:51 | Nov 4th, 2012

Following the US Federal Reserve’s quantitative easing programme in September, there were predictions of a rise in appetite for emerging markets currencies, yet this has failed to materialise. Benoit Anne, head of emerging markets strategy at Soc Gen...Show More
Has sentiment shifted on the pound?

08:16 | Oct 28th, 2012

Kathleen Brooks, research director at Forex.com, joins FT currencies correspondent Alice Ross to discuss the pound, which has risen after higher than expected UK growth figures, as well as whether the Bank of Japan will launch a full scale currency i...Show More
Is FX trading in crisis?

08:46 | Oct 21st, 2012

David Bloom, global head of FX strategy at HSBC, joins FT currencies correspondent Alice Ross to discuss the future of forex trading as the currency runes become increasingly hard to read and investors shy away from the market, as well as the connect...Show More
Is yen intervention on the horizon?

07:55 | Oct 14th, 2012

Geoff Kendrick, FX strategist at Nomura, joins FT currencies correspondent Alice Ross, to discuss talk of a possible intervention by the Bank of Japan to weaken the yen, and how the Aussie dollar, which has been suffering in recent weeks, will react ...Show More
Will the IMF meeting affect risk appetite?

07:19 | Oct 7th, 2012

Chris Turner, FX strategist at ING, joins FT currencies correspondent Alice Ross, to discuss whether the upcoming International Monetary Fund meeting in Tokyo will affect sentiment on haven currencies such as the dollar and yen, and what's in store f...Show More
Chances of a Spanish bailout and have the markets forgotten Greece?

07:06 | Sep 30th, 2012

Geoffrey Yu, foreign exchange strategist at UBS, joins FT currencies correspondent Alice Ross to discuss the fallout on the currencies markets from the Spanish budget – and whether a bailout is now more or less likely – as well as when the focus will...Show More
Does QE3 herald a new outbreak of currency wars?

08:14 | Sep 23rd, 2012

Michael Hewson, senior market analyst at CMC markets, joins FT currencies correspondent Alice Ross to discuss the likelihood of a new outbreak of the currency wars and why Japan, not Brazil, has most to complain about from more quantitative easing in...Show More
QE3 and the dollar

08:12 | Sep 13th, 2012

Peter Kinsella, senior currency strategist at Commerzbank, joins FT currencies correspondent Alice Ross to assess the impact of more quantitative easing from the US federal reserve on the currency markets and is the worst now past for the euro?
ECB backing sustains euro rise

10:26 | Sep 9th, 2012

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 actu...Show More
Mixed news for sterling

09:43 | Aug 12th, 2012

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 a...Show More
Is Switzerland the new China?

09:18 | Aug 5th, 2012

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 Austral...Show More
Yen intervention unlikely, but markets expect more ECB bond buying

10:04 | Jul 29th, 2012

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 whi...Show More
August caution, and is the Aussie dollar overvalued?

08:40 | Jul 22nd, 2012

Matt Cobon, fixed income manager and FX specialist at Threadneedle Asset Management talks to Alice Ross, FT currency correspondent, about why low volatility in the market means traders are taking risk off the table, why the Australian dollar looks ov...Show More
Traders focus on yields

09:24 | Jul 15th, 2012

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...Show More
Why QE doesn’t necessarily weaken currencies

10:27 | Jul 8th, 2012

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.
EU Summit special: Can euro optimism last?

09:53 | Jun 28th, 2012

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