UBS’s Gordon on Central Banks, Currencies

The video discusses the anticipated rate cuts by central banks like the Fed, RBNZ, and RBA, and their implications on global currencies. It highlights the weakening of the US dollar and forecasts for the Kiwi and Aussie dollars. The carry trade dynamics are explained, showing how traders benefit from holding certain currencies. The video also touches on the concept of a currency war and the challenges central banks face with limited room for conventional monetary policy, leading to discussions on unconventional measures like QE.

What are the expected rate cuts from the Fed and RB&Z in the upcoming months?

How do the current monetary policies of the RBA and RBNZ reflect on their respective currencies?

What factors are contributing to the weakness in business confidence as highlighted by the RBNZ?

Discuss the implications of a potential currency war as mentioned in the text.

What unconventional policy measures are being considered by central banks like the RBA?