The Deal that Put the Dollar at the Centre of the World
The episode unpacks the 1944 Bretton Woods Conference, the chaotic three‑week summit that cemented the US dollar as the world’s reserve currency and birthed the IMF and World Bank. It contrasts John Maynard Keynes’s ambitious Bancor‑based plan for a global clearing union with Harry Dexter White’s US‑favoured system that left the dollar dominant, highlighting the personal dramas—heart attacks, heated arguments, and political intrigue—that shaped the outcome. Through historian Ed Conway’s lens, the hosts explain how the agreement reflected post‑war hopes to fix the broken gold‑standard system and why its legacy still influences today’s debates over international monetary reform.
Global FX: EUR-USD Divergences, Systematic Signals, Sterling Struggles
In this episode of JPMorgan’s At Any Rate, co‑head of FX Strategy Meera Chandan and guests Patrick Locke (MacroFX) and Antonin Diller (Systematic FX) dissect recent currency moves, highlighting a renewed bullish stance on the U.S. dollar driven by stronger...
Monday: Fed on Hold as US Jobs Market Stabilises
The episode reviews a stabilising US labour market, solid April non‑farm payrolls and soft wage growth, which keep the Federal Reserve on hold as new chair Kevin Walsh prepares to take over. It also covers geopolitical tension from the closed...
When Money Is a Fiction
In this episode of the Timeless Investor Show, Ari van Gemmeren examines Turkey’s ongoing currency collapse, using the price jump of a simple street bread (simmet) to illustrate how the Turkish lira has lost about 92% of its value against...
Global FX: Yentervention and Other FX Policy Stories
In this episode, Arindam Sandhile and his global team dissect the current FX landscape, focusing on Japan's recent yen intervention, the limited upside for the dollar amid uncertain Fed policy, and the performance of real‑rate currencies like the Norwegian krone...
Sterling's Resilience and China’s Tactical Game
In this episode of the Currency Exchange podcast, NatWest Markets’ G10FX strategist Paul Robson explains why sterling has remained surprisingly resilient despite Middle‑East turmoil, citing safe‑haven flows, historic UK‑GCC links, and limited fast‑money pressure. He then assesses the impact of...
Does This Market Rhyme with 1926, 1928 or Even 1929?
The episode reviews the latest market turbulence driven by escalating tensions in the Persian Gulf, which have spiked oil prices and boosted the U.S. dollar, while U.S. equities show mixed reactions to AI hype and recent earnings. Key corporate updates...
Thursday: Fed Holds with 'Hawkish' Dissenters
The episode reviews the Fed’s decision to hold rates steady, noting three dissenting governors who opposed an easing bias, and examines the market reaction, including a dip in U.S. equities and a rise in oil prices after Donald Trump’s comments...
Monday: Way Cleared for Warsh to Be Fed Chair
The episode covers the ongoing closure of the Strait of Hormuz, the stalled Iran‑Pakistan peace talks, and the clearing of Kevin Walsh’s path to become Federal Reserve Chair. ANZ senior commodity strategist Daniel Hines explains how oil production shut‑ins in...
Global Rates: Central Banks Likely to Wait-and-See Against a Backdrop of Ongoing Middle-East Uncertainty
The episode examines upcoming policy meetings of the Fed, ECB, and BoE against the backdrop of the Middle‑East conflict and rising energy prices. Analysts attribute the US rate rise to solid consumption data and a dovish‑leaning Fed nominee, Kevin Warsh,...
Global FX: Cease-Fire, the Dollar, DM/EM FX Impact, IMF Round-Up
In this episode, J.P. Morgan FX strategists discuss the market reaction to the recent cease‑fire announcement, noting that high‑yielding currencies like Brazil, the Australian dollar and emerging‑market (EM) FX have rebounded, while low‑yielders such as the Chinese yuan have lagged....
#166 - Freddie New - How Governments Destroy Money and Empires (The Lessons From Rome)
In this episode Freddie New examines how currency debasement contributed to the fall of the Roman Empire and draws parallels to modern monetary policy, especially the erosion of the British pound and U.S. dollar through extensive money printing. He explains...
Trump Wants Regime Change at the Fed
In this episode, Paul Krugman warns that former President Donald Trump is attempting to undermine the Federal Reserve’s independence by pressuring for lower interest rates and targeting Fed officials. Krugman explains why monetary policy is a technical, credibility‑driven tool that...
Why Are Global Imbalances Rising, and Why Does It Matter?
In this episode of the Sound of Economics, Bruegel director Jermyn Zettelmeier and CEPR president Beatrice Vedder de Mauro discuss the 2023 Paris Report on global imbalances, tracing their historical evolution and highlighting why they matter again today. They explain...
FX Moment: Iran War Shift First Step Out of Sterling Bear Cycle
In this episode of FX Moment, Chief FX Strategist Audrey Charles Freeman and Chief UK Economist Dan Hansen examine how the recent US‑Iran cease‑fire announcement is easing market sentiment and reshaping the outlook for sterling. They argue that the war‑driven...