As expected this week the Fed held rates, as did the Bank of England. Eimear Daly is joined by Paul Robson and Deepika Dayal to discuss the impact on foreign exchange markets of divergent central bank strategies. The US dollar is holding its strength courtesy of a hawkish hold, but the same can't be said for Sterling. In contrast, emerging markets central banks are cutting rates, triggering EM FX weakness. And in Europe the Swiss franc looks like it may weaken.
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NB: This was recorded on 21 September 2023.For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html
As expected this week the Fed held rates, as did the Bank of England. Eimear Daly is joined by Paul Robson and Deepika Dayal to discuss the impact on foreign exchange markets of divergent central bank strategies. The US dollar is holding its strength courtesy of a hawkish hold, but the same can't be said for Sterling. In contrast, emerging markets central banks are cutting rates, triggering EM FX weakness. And in Europe the Swiss franc looks like it may weaken.
Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find.
NB: This was recorded on 21 September 2023.For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html