US and China strike trade accord: what it means for markets
US tariff headlines continue to dominate the narrative in financial markets. Fears over a US recession triggered a sharp sell-off in US equities, Treasuries and the dollar last month. Yet, signs of progress in trade negotiations, particularly following the news of a US-China trade deal, have lifted optimism, and raised hopes that the economic impact of the tariffs will be less significant than initially anticipated. Meanwhile, the Bank of England cut interest rates by another 25 basis points last week. MPC members appear perhaps as divided as ever over the path ahead for UK rates. The bank’s communications were hawkish, however, suggesting that a “gradual” pace of cuts lies ahead. But, what does this mean for sterling?We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!
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20:21
The dollar’s wild ride, and is a US recession inevitable in 2025?
The US dollar collapsed to its lowest level in three years this week, with investors still reeling from the unveiling of (and subsequent delay to) President Trump’s reciprocal tariffs. Yet, with Trump and his top team softening their stance towards China, and the President backtracking on his calls to remove Jerome Powell from his position as chair of the FOMC, has the tide turned for the US currency? We also look ahead to the release of next week’s highly important US GDP report. Is the world’s largest economy on course to post a shock contraction in the first quarter? And is a US recession inevitable in 2025?We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!
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25:54
US dollar tanks as Trump’s dramatic tariff U-turn stuns markets
It’s been a barely believable few days in financial markets since President Trump unveiled the details of his reciprocal tariffs during his so-called “Liberation Day” on 2nd April. Risk assets crashed on the realisation that the tariffs would be significantly more aggressive than anyone had been anticipating. The dramatic 90-day pause to all trade levies (China aside) has triggered a fresh bout of volatility in markets, and some stocks indices posted among their largest one-day rallies this century. We’ve seen a non-typical reaction in financial markets, however. The traditional safe-havens, US Treasuries and the dollar, have sold-off aggressively, with investors seemingly losing faith in American exceptionalism. The euro has emerged as a de facto safe-haven, and EUR/USD has soared to its strongest position in three years. What do our analysts make of the chaotic week in markets? And what might happen next?We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!
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25:03
Germany’s fiscal bazooka: A shot in the arm for the euro?
In this week’s episode of FX Talk, Matt and Roman are joined by our Sao Paulo analyst, Eduardo Moutinho, to discuss the latest headlines in the currency market. The dollar has sold-off sharply against most currencies in recent weeks as investors fear a slowdown in US growth. Yet, with the Federal Reserve sticking to its cautious approach to cuts, is this move lower in the greenback perhaps overdone?Meanwhile, the euro has surged above the $1.09 level this month, buoyed by the news of a massive fiscal stimulus package in Germany. Is this a game changing moment for the Euro Area economy and the common currency?We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!
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22:27
US dollar tanks: Are markets calling Trump’s tariff bluff?
President Trump has followed through with plans to slap massive 25% tariffs on imports from Canada and Mexico, while also unveiling fresh 10% duties on China. The US dollar would ordinarily be trading higher under such circumstances, but the greenback has sold-off sharply across the board. What is fuelling the move? And how concerning is the recent deterioration in US economic news?Meanwhile, last week’s Ukraine discussions in the White House descended into a farce. European currencies are performing well, however, as markets take an optimistic view on the situation. What do our analysts make of an extraordinary hectic couple of weeks in financial markets?We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!
The euro goes up, the dollar goes down, and China devalues the yuan. But what's behind these currency fluctuations? This forex podcast is all about the global currency market. Our three financial market analysts, who are also top Bloomberg forecasters, discuss macro-economic news and its effect on the global financial market - providing you with insights to make informed decisions. *The information contained in this podcast does not constitute a recommendation from any Ebury entity to the recipient.
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