Is the US Dollar Collapse Imminent?
The episode examines whether a collapse of the US dollar is imminent, focusing on how recent Middle East conflicts have accelerated the shift of some nations toward trading oil in currencies like the yuan, ruble, or cryptocurrencies to avoid US dollar asset weaponization. The host argues that while the world is polarizing into a US‑Western bloc versus a China‑East/BRICS bloc, China is unlikely to seek the burdens of global reserve currency status. Consequently, BRICS and allied nations may increase bilateral trade in alternative currencies, but the US dollar is expected to remain the dominant reserve currency for now.
Calmed by Uncertainty
In this episode of NatWest’s Currency Exchange, FX strategists Brian Dangerfield and Paul Robson examine why major G10 currency markets have remained unusually calm despite the heightened geopolitical risk from the Iran‑related Middle East conflict. They attribute the lull to...
Why Fed Rate Cuts Could Be Pushed Back
In this episode, Morgan Stanley’s chief U.S. economist Michael Gapin and macro strategist Matthew Hornbach dissect the March FOMC meeting, noting the Fed’s decision to hold rates and retain an easing bias while pushing expected rate cuts from June/September to...
Thursday: Eyes Turn to BoJ, ECB After Fed Call
The episode reviews the market fallout from Middle East oil facility attacks, the Federal Reserve’s March rate decision, and upcoming policy moves by the Bank of Japan and ECB. ANZ economists discuss how the oil shock exposes Asia’s heavy reliance...
Inflation, Iran and the Industrial Accelerator Act
In this episode of the Sound of Economics, former Dutch central bank governor Klaas Knopp and Bruegel director Jeremy Zentelmeier assess Europe’s economic outlook amid the new Israel‑Iran conflict, highlighting the region’s surprising resilience but warning of a negative supply shock from...
Peter Conti-Brown on a New Fed-Treasury Accord
In this episode, host David interviews Peter Conti‑Brown about his recent essay outlining three possible reforms to the Fed‑Treasury relationship, focusing on discount‑window liquidity and its stigma. They discuss recent remarks by Fed Governor Michelle Bowman and Treasury Secretary Janet...
Wednesday: RBA's Bullock Says March Call 'Live'
The episode covers a sharp rise in oil prices amid Middle East tensions, its impact on global markets, and an upgraded Australian Q4 GDP forecast of 0.7% growth. ANZ economists discuss central banks' cautious stance on inflation, noting higher oil...
Risk Off as Market Ponders New Energy Crisis From Iran Conflict.
The episode analyzes how the escalating Iran‑Israel conflict is triggering a fresh energy crisis, especially in Europe, where gas spot prices have surged 70% and oil is trading above $80 per barrel. Hosts discuss market reactions: a brief rally in...
European Rate Markets: Eurobonds, By-Elections and the Spring Statement
In this episode, Francis Diamond and Aditya Chaudhia discuss European rate markets, focusing on euro‑area bond issuance, German duration outlook, and UK political developments. They assess the limited near‑term impact of proposed EU defence‑related Eurobonds, maintaining a neutral stance on...
Courting Global Tariffs as US GDP Takes a Hit
The episode surveys a week of global economic turbulence, highlighting AI’s expanding role in the Australian job market, rising geopolitical risks in the Middle East, and mixed central‑bank signals across major economies. Dr. Blair Chapman notes a surge in AI‑specific...
Recently Boring Nvidia Reports Next Week. Did We Just See German Green Shoots?
In this episode, Saxo Global Head of Macro Strategy John J. Hardy examines the stark divergence between the US equity market, which remains highly dispersed and volatile, and Europe’s rally driven by record inflows. He highlights the lingering uncertainty in...
Raj Parekh (Monad Foundation) on Stablecoins and The Next Era of Fintech (EP.702)
In this episode, Raj Parekh, Head of Stablecoins and Payments at Monad Foundation, discusses how enterprises can integrate stablecoins into their operations, weighing the prospects of building private corporate blockchains versus using existing networks. He explores whether the market will...
Monday: Aussie Dollar Riding High on RBA Hike
In this episode, ANZ Research analysts discuss the recent surge in the Australian dollar following the Reserve Bank of Australia's (RBA) interest rate hike. They explain how the tighter monetary policy has strengthened the currency, the impact on inflation and...
Global FX: How Much Is Too Much?
In this episode, J.P. Morgan Global Research analysts Arindam Sandilya, James Nelligan, and Patrick Locke examine the current foreign‑exchange (FX) outlook, focusing on how recent US equity stress and the relative underperformance of US stocks are influencing currency markets. They...
European Rates: Scandinavian Rate Outlook – a Long Winter Hibernation
In this brief episode, J.P. Morgan analysts Francis Diamond and Frida Infante examine the current state and near‑term outlook for Swedish and Norwegian sovereign and corporate rate markets. They highlight that both countries are entering a prolonged period of low‑rate...
Emerging Markets, Trade and Politics
In this episode, host Eimear Daly and emerging‑market specialist Aditya Sharma break down the newly signed India‑US trade agreement, highlighting how it could boost Indian equities and strengthen the rupee by improving export competitiveness and attracting foreign investment. They then...
Weekend Edition: From Dairy to Data: Can NZ Outgrow Australia’s Shadow?
In this episode, Phil and NAB’s Ray Attrill dissect the widening gap between New Zealand and Australia as AI‑driven investment costs strain US markets and commodity prices slide, while the Aussie dollar weakens below 71 cents. They explore how rising AI spending,...
Global FX: RBA, JP Elections, Euro/APAC Rotation, Dovish BoE, US Data
The FX team discusses a variety of topics: the euro bloc/ APAC FX rotation, RBA hawkish pivot, scenarios around upcoming JP elections, the dovish BoE surprise and recent US data. This podcast was recorded on 06 February 2026. This communication is...
European Rates: ECB and BoE February Meetings, Skinny Carry in Euro Area, Increased UK Political Noise
In this brief episode, J.P. Morgan analysts Francis Diamond, Aditya Chordia, and Khagendra Gupta dissect the February policy meetings of the European Central Bank and the Bank of England, highlighting the limited rate‑differential (or "skinny carry") in the Eurozone and...
Thursday: NZ Employment Rises
In this brief episode, ANZ Research analysts discuss the latest data showing a rise in New Zealand employment, highlighting the sectors driving the growth and the implications for wage pressure and inflation. They note that the job market is tightening, with...
Money and Me: When Gold Breaks, AI Bites Back, and Japan Shakes the World
In this episode, host Michelle Martin and guest Simon Ree, founder of Tao of Trading, dissect a volatile market landscape where gold and silver have sharply retreated after a steep rally, and Microsoft’s stock fell despite strong earnings, raising concerns...
Monday: Silver Slides as Iran Tensions Ease
In this brief episode, ANZ’s research analysts discuss the recent decline in silver prices, attributing the slide to easing geopolitical tensions with Iran. They note that reduced risk premiums are dampening demand for safe‑haven assets, while broader market dynamics and...
Where Has Market Volatility Gone?
In this episode of Currency Exchange, host Brian Daingerfield and FX strategist Paul Robson examine why foreign‑exchange markets have become unusually calm despite major geopolitical headlines. They explore the pound’s recent outperformance versus the euro, the upcoming UK economic releases,...
Friday: Oil Down 4.9% as Iran Tensions Ease
In this brief episode, ANZ Research analysts discuss the recent 4.9% drop in oil prices, attributing the decline primarily to easing geopolitical tensions with Iran. They explain how reduced risk of supply disruptions has softened market sentiment and led to...
Thursday: Intervention Talk Props up Yen
In this brief episode of "5 in 5 with ANZ," host Bernard Hickey highlights how recent central bank interventions have bolstered the Japanese yen amid broader market volatility. He notes that while banking stress persists in the US and Europe,...