logo
episode-header-image
Sep 2023
13m 19s

The strong US dollar gets stronger

Financial Times & Pushkin Industries
About this episode

The US dollar has been on a tear, just reaching a six-month high. It might be a sign investors and traders are getting used to the idea that US interest rates will be “higher for longer.” Today on the show, we look at the greenback’s continuing strength and try to understand how it will affect global markets. Also, we go long London and long Jamie Dimon’s interest rate calls. 


For a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer

Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Up next
Jul 23
How JPMorgan won
JPMorgan has become by far the biggest bank in the US and one of the largest in the world. But how did it do it? Today on the show, Rob Armstrong and US banking editor Joshua Franklin talk about the incredible growth of JPMorgan over the past 20 years and ask what will happen whe ... Show More
18m 57s
Jul 21
The forecast for prediction markets
Prediction markets can tell us what everyone thinks. They can also encourage breaking the law. Today on the show, Katie Martin and Rob Armstrong take the measure of a world where you can bet on anything. Also they go long cash and long mansions in London. For a free 30-day trial ... Show More
18m 15s
Jul 16
Should private credit be public?
Stocks offering access to private credit funds have taken off, and crashed, in recent years. Is this the fiery end to a bad idea or a golden chance to buy a piece of a good idea? Today on the show, Katie Martin and Rob Armstrong look at the arguments for retail access to private ... Show More
21m 20s
Recommended Episodes
Sep 2023
Fed’s ‘higher for longer’ fuels dollar, yen flirts with intervention
Send us Fan MailDollar at 10-month highs, 10yr. yields jump to new 16-year peak. Dollar/yen extends uptrend, intervention risks grow. Wall Street tumbles on a blend of investor concerns.Risk Warning: Our services involve a significant risk and can result in the loss of your inves ... Show More
4m 8s
Aug 2023
Dollar extends its gains, BoE enters the limelight
Send us Fan MailDollar strengthens on ADP and US debt downgrade. ISM non-mfg. PMI the next test for dollar traders. BoE expected to hike by 25bps; Will it sound hawkish? Wall Street slumps after US rating cut.Risk Warning: Our services involve a significant risk and can result in ... Show More
4m 24s
Mar 2024
Dollar rises as Fed enters spotlight, yen plummets
Send us Fan MailUS dollar gains as traders brace for hawkish Fed. Yen tumbles despite BoJ’s historic decision. Loonie slides on cooler than expected Canadian inflation. Wall Street gains ahead of Fed, oil extends advance.Risk Warning: Our services involve a significant risk and c ... Show More
4m 43s
Sep 2023
Dollar at 10-month high as yields keep surging
Send us Fan MailUS 10-year yield hits 16-year high as no letup in hawkish Fed rhetoric.Dollar powers ahead, euro and pound crumble, yen in danger zone. Stocksresume decline after late rebound on Wall Street.Risk Warning: Our services involve a significant risk and can result in t ... Show More
5m 20s
Jul 2023
Dollar extends fall ahead of US inflation data
Send us Fan MailUS dollar beaten up as US inflation report looms. Narrowing yield differentials turbocharge the yen. RBNZ takes the sidelines, BoC takes the central bank torch. Wall Street and gold gain on sliding Treasury yields.Risk Warning: Our services involve a significant r ... Show More
4m 8s
Oct 2022
Breaking Down the Dollar's Rise
What’s behind the volatility in the currency markets—and how much higher can the dollar go? In the latest episode of Exchanges at Goldman Sachs, Kamakshya Trivedi, Head of Global Foreign Exchange, Interest Rates and Emerging Markets Strategy, discusses what a surging US dollar an ... Show More
19m 33s
Feb 2023
Data and Fed officials take the dollar higher
Send us Fan MailUS producer prices accelerate, initial jobless claims slide. Fed’s Mester and Bullard appear in their hawkish suits. Dollar extends gains, Wall Street slides as Fed hike bets grow.Risk Warning: 78.17% of retail investor accounts lose money when trading CFDs with t ... Show More
4m 36s
Dec 2020
Wall Street hits new records as ‘bad news’ is good news
Send us Fan MailDisappointing US jobs report fuels hopes for Congressional stimulus deal. Stocks hit new highs, dollar stabilizes, big week ahead for markets. Sterling suffers amid reports of insufficient Brexit progress. Why has the dollar been ravaged lately? Short answer is in ... Show More
4m 13s
May 2023
FOMC minutes on the radar as dollar attempts comeback
Send us Fan MailDollar extends recovery, stock markets slide in risk-off session. Sterling takes a hit despite hot UK inflation, RBNZ sinks the kiwi. Debt ceiling nerves grow - are investors focusing on the wrong risk? Risk Warning: Our services involve a significant risk and can ... Show More
4m 4s