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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.

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FX Talk - an Ebury podcast

Fed's bold pivot sets the stage for 2024

December 21, 2023 • Ebury FX Talk • Season 5 • Episode 6

In this episode, we delve into the aftermath of the Federal Reserve's unexpectedly dovish shift following its December policy meeting. FOMC Chair Powell said the ‘progress’ had been made on inflation, while noting that discussions were already being had on interest rate cuts. The ‘dot plot’ was also revised lower, suggesting a total of 75 basis points of cuts in 2024. Markets embraced the narrative of imminent and rapid rate reductions, triggering a sharp sell-off in the US dollar against most currencies.

We also give our thoughts on the December policy announcements from both the Bank of England and European Central Bank, while each picking the currencies that have surprised us the most in 2023.

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We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!