Ending the week on a high?

US stocks staged a rally yesterday following Wednesday’s post-Fed sell-off. Microsoft and semiconductors definitely helped to drive the gains. And the pattern continued in Asia this morning with South Korea’s Kospi up 18% in its session. Central banks in the UK and Japan cemented a week of no moves – although their messaging about the future path of rates diverged. Tim Gagie, Head of FX Advisory in Geneva, joins today’s podcast to share why he thinks interventions in currency markets are a waste of money and time and he also provides some useful insights into this week’s dollar and yen moves.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:36) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:30) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.