Geopolitics meet monetary policy
Episode description
While US markets were closed yesterday for the Juneteenth holiday, the rest of the world did not escapemarket volatility. Global stocks fell as uncertainty surrounding the Israel-Iran conflict and potential US involvement continued. Meanwhile, central banks made their interest rate announcements: the Swiss National Bank cut its benchmark rate to 0%, whereas the Bank of England kept rates unchanged at 4.25%. This morning, oil prices have reversed slightly, trading lower; while gold is also down, putting it on track for a weekly loss. Joining us to discuss the latest developments in the US dollar, the Swiss franc, and precious metals is Tim Gagie, our Head of FX & PM Solutions in Geneva.
- (00:00) - Introduction by Bernadette Anderko (Investment Writing)
- (00:31) - Markets wrap-up by Lucija Caculovic (Investment Writing)
- (06:26) - FX and metals markets by Tim Gagie (Head of FX/PM PB Geneva)
- (10:36) - Closing remarks by Bernadette Anderko (Investment Writing)
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