All Episodes
The Currency Exchange - An FX Podcast by NatWest — 142 episodes
Summer’s over, but what next for currency markets?
US support for the yen and China's inflation exports
Will the real Kevin Warsh please stand up?
Oil is up and markets expect rate hikes
Pound outperforms, but for how long?
Sterling shrugs, dollar crowds, yen cracks
No silver bullet for doves
From dollar to yen: answering policy questions from around the world
Low conviction and high uncertainty: inside FX markets now
Xi, Putin and pressures on Asia FX
UK political uncertainty and geopolitical developments
Sterling's resilience and China’s tactical game
On hold, and holding off
A fall in FX market volatility, but what next?
Ceasefires, central banks, and currency crosswinds
Calmed by uncertainty
More energy market shocks, and the knock-on for FX
Oil be damned for energy markets, but what about FX?
What's happening in the Middle East, and how are markets affected?
What to make of the US tariff decision?
UK data, oil moves and geopolitical tensions
Emerging markets, trade and politics
Warsh and peace: a nuanced market response to the new Fed nomination
A busy, busy week in markets
Where has market volatility gone?
Sterling is high, but world events dampen the dollar
The Year Ahead 2026: Beyond de-dollarisation
An October cut by the Fed, but what for December?
Our take on major global currencies
Budgets, politics and market moves
What Japan's elections mean for the yen
Policy meets expectations, but long-term questions linger
What to expect from a more dovish Fed
Sterling moves and updates from Europe
A busy, busy week for the dollar
What next for Japan, and central bank updates
Labour, inflation, and tariffs – oh my
Fireworks for 4 July, but are markets celebrating?
Middle East tensions ease, with mixed fortunes for dollar and sterling
Interest rate holds and global uncertainty
Where next for the Bank of England?
Policy and politics at play in major currencies
How vulnerable are FX markets to tariff whiplash?
Dollar weakness and cautiously bullish emerging markets
De-escalations in trade, but re-escalations in inflation?
Dollar, sterling and the UK-US trade agreement
Mark for markets
The challenge for dollar exceptionalism
The market reacts to tariffs, but where to from here?
US tariffs, the UK Spring Statement and what's next for sterling
Waits and measures
A hard look at euro-dollar
A game-changer for Europe
Riding the market rollercoaster
What Europe's defence spend means for markets
Positives for the UK economy, but risks remain
Mann in the middle?
Is politics at play in the US and Poland?
Under starter’s orders
A fistful of dollar questions (16 January 2025)
New year’s gratings
North American special
Political turmoil in France, but market calm in the wake
The Year Ahead 2025: A closer look at sterling and the US dollar in 2025
US election special: what the Trump victory means for markets (8 November '24)
Is fiscal policy moving the needle?
What's been happening in emerging markets? (18 October '24)
Edging closer to the US elections (10 October 2024)
Middle East special
A cut, a hold and what they mean for sterling and the US dollar
Don't panic and mostly harmless...
Can Harris surf the political wave? (06 September '24)
Where next for GBP and USD?
Political drama and rates uncertainty…
Carry vs. fundamentals vs. politics - what’s driving FX in the Americas?
Good news on inflation, but what will the Fed do next?
How do markets treat political risk?
Carry for the sake of carry?
Political extremes and market swings - 21 June '24
Politics, risk and the pound – 14 June '24
7 June '24: Elections, emerging markets and currency moves
28 May 2024: Emerging markets focus
Assessing the Fed's confidence
How we’re feeling about GBP after the BoE’s ‘dovish hold’
Further divergence, and a quick yen update
Yen intervention?
Middle East focus
Bucks' fizz
Emerging markets, growth and contained inflation
Divergence, doves and a G10 first
Inflation, the Fed and the dollar
A major week for major currencies
US dollar steady, for now
North America special
When it comes to data, the devil’s in the detail
East European divergence
Policy inflection point
Central bank signal strength
Asia FX outlook post-Taiwan election
It's all relative (to the dollar)
All eyes on the US at the start of 2024
What has happened and what to expect for emerging markets?
What has happened to dollar exceptionalism?
Finding value in FX amidst lower growth in the year ahead
US dollar special, part 2
US dollar special
Has China's economy finally turned a corner?
Geopolitics and customer insights
Yen at work
Cool for cuts?
A strong dollar for longer?
Acting in unison?
A busy summer that should have been quiet
What is the key data to watch for the Fed as we head into September?
UK inflation looks (finally) to be easing, but what does that mean for Sterling?
Is USD weakening set to continue?
Will strong data continue to propel the USD higher?
Why have emerging market currencies been so resilient?
The Bank of England hikes again, where will GBP go next?
Where will the USD head following the June Fed meeting?
Has China's reopening recovery run its course?
How could the recent turn in USD affect emerging market FX?
How might the latest US debt ceiling drama play out and what does that mean for USD?
Is the outlook for the UK economy (and for Sterling) looking up?
Why we’re still bullish on Sterling
It's not just central banks in the driving seat for EURUSD
Why we see fiscal sustainability increasingly driving FX performance
What does the US dollar outlook mean for emerging markets?
Is the US dollar outlook worth a rethink?
How vulnerable are emerging markets to financial sector volatility?
How hard will US dollar headwinds blow in 2023?
Is recent repricing seen in global asset prices here to stay?
A last hurrah for hawkishness?
What the China reopening means (and doesn’t) for CNY
How much higher could the market drive the US dollar?
Why markets are wrong to be overly pessimistic about Sterling
What will drive Emerging Markets FX in the months ahead?
Will markets and central banks continue pushing in opposite directions?
Where do we see FX heading after a week of key central bank meetings?
The BoJ keeps Yield Curve Control, so what next for the Yen?
A new podcast on the big FX trends to watch
The Currency Exchange Podcast - coming soon