Podcast
The MUFG Global Markets Podcast
Hosted by MUFG EMEA · EN
Join the MUFG Global Markets Research Team for expert analysis of the week’s most pressing topics impacting economies and the markets
16episodes
Episodes
Newest firstAll episodes
US dollar rebounds – yield’s renewed influence on FX
2w ago00:12:24Tap to summarizeThe US dollar is heading for its biggest weekly gain since the first week of the US-Iran conflict in early March. This week, Derek Halpenny, Head of Research Global Markets EMEA & International Securities sits down with Julie Ellert, Head of FraBeLux FX Sales to discuss the factors behind the dollar move and what it might mean going forward. Yields certainly look to be increasing in importance again as US yields move higher just as Kevin Warsh comes in to take the reins from Jay Powell. Derek also discusses the big sell-offs in fixed income in Japan and the UK and what these moves might mean for the yen and pound.
Transcribe →How are Middle East risks & intervention contributing to a weaker USD?
3w ago00:07:36Tap to summarizeLee Hardman, Senior Currency Analyst, and Seiko Kataoka Fisher, Director in Japanese Customer Sales for EMEA in London, discuss what has been driving the USD lower over the past week . Is intervention from Japan likely to be successful in reversing JPY weakness?
Transcribe →Can USD/JPY Extend Its Decline After BoJ Intervention?
May 100:17:22Tap to summarizeAt the end of a busy week in the markets, Derek Halpenny, Head of Research Global Markets EMEA & International Securities sits down with Simon Mayes, Head of UK, Ireland & Swiss FX Corporate Sales to discuss key developments and implications for the FX markets. Derek outlines the prospects for USD/JPY sustaining the move lower following probable intervention by the BoJ/MoF and delves into the implications following this week’s central bank meetings. What do the meetings mean for BoE and ECB policy rate views and what impact will a Kevin Warch Fed have on the dollar?
Transcribe →How is the energy price shock impacting FX market performance and major central bank policies?
Apr 2400:10:48Tap to summarizeLee Hardman, Senior Currency Analyst, and Henry Cook, Senior Economist, discuss how the FX majors have been performing ahead of the upcoming BoJ, Fed, BoE & ECB policy meetings. Wil the European central banks stick to more hawkish guidance than the BoJ and Fed?
Transcribe →Oil Eases, Dollars React: What the Strait of Hormuz Reopening Means for Markets
Apr 1700:13:33Tap to summarizeNews that the Strait of Hormuz has been reopened by Iran has helped push Brent crude oil back below the USD 90pbl level. Derek Halpenny, Head of Research Global Markets EMEA & International Securities speaks to Matthieu Gloux Head of Global Client FX Sales about the implications for the US dollar and monetary policy if this re-opening proves lasting.
Transcribe →What’s next for the USD after the ceasefire in the Middle East?
Apr 1000:06:11Tap to summarizeLee Hardman, Senior Currency Analyst, and Seiko Kataoka Fisher, Director in Japanese Customer Sales for EMEA in London, discuss the initial FX market reaction to the ceasefire agreement between the US and Iran. Will the USD continue to weaken if military tensions in the region continue to de‑escalate?
Transcribe →Middle East Tensions and the FX Outlook: De Escalation vs. Deterioration
Mar 2700:19:24Tap to summarizeWe are entering week 5 of the conflict in the Middle East and this week Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to Chris Jakubowski, from FX Institutional Sales, about the potential for de-escalation versus a scenario of deterioration and what that would mean for the US dollar and G10 FX. Derek and Chris also discuss the ECB and BoJ reaction functions and what lies ahead for the markets next week which culminates with the NFP release.
Transcribe →How are major central banks and the FX market reacting to the worsening energy price shock?
Mar 2000:12:52Tap to summarizeLee Hardman, Senior Currency Analyst, and Henry Cook, Senior Economist, discuss how major central banks are responding to the escalating conflict in the Middle East and its impact on global energy prices. With the Fed showing less urgency to tighten policy in response to the latest energy price shock, could this help moderate USD strength?
Transcribe →What do rising geopolitical risks and crude moves mean for the USD?
Mar 1300:16:28Tap to summarizeWith the conflict in the Middle East set to extend into a third week, Derek Halpenny Head of Research Global Markets EMEA & International Securities talks to Andrew Mitola, Director in FX Corporate Risk Solutions in New York about three scenarios for how the conflict unfolds from here and what the implications for the US dollar would be based on potential future moves in crude oil prices. Derek also discusses the central bank reaction function to possible inflation pick-ups and what to expect from the central bank meetings taking place next week. With USD/JPY close to the 160-level is the MoF in Tokyo ready to intervene?
Transcribe →How is the Middle East conflict impacting the FX market?
Mar 600:09:20Tap to summarizeLee Hardman, Senior Currency Analyst, and Abdul-Ahad Lockhart, Currency Analyst, discuss why the USD has rebounded in response to the Middle East conflict. How does it fit with historical FX performance during energy price shocks?
Transcribe →