FX Talk - an Ebury podcast
The euro goes up, the dollar goes down, and China devalues the yuan. But what's behind these currency fluctuations? This forex podcast is all about the global currency market. Our three financial market analysts, who are also top Bloomberg forecasters, discuss macro-economic news and its effect on the global financial market - providing you with insights to make informed decisions. *The information contained in this podcast does not constitute a recommendation from any Ebury entity to the recipient.
FX Talk - an Ebury podcast
S2E12: Emerging market currencies wobble as Delta spreads
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It is been a period that has been largely characterized by ‘risk off’ trading. If we look at the FX performance tracker for the past month, the three best performers in the G10 have been the traditional safe-havens. The swiss franc, Japanese yen, and US dollar - in that order. Meanwhile, the higher risk currencies, including the Norwegian krone and Australian dollar, have largely underperformed.
This has a lot to do with the aggressive spread of the delta variant of the COVID-19 virus around much of the world. We’re seeing relatively sharp increases in infection in many nations, including some of the major ones. The real cause for concern is the sharp uptick in contagion witnessed in those nations that have so far lagged behind in vaccinations.
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