12 October 2023
Money in the Market: Should investors stay away from the Japanese yen?
The gains of the US dollar so far have blindsided traders who started the year predicting that the currency would decline as US exceptionalism faded. But now, a gauge of the dollar is seeing its longest run of losses in more than three years. So has the greenback's rally finally come to an end?
What about the Japanese yen? It's seeing a continuous decline, so should investors stay away from this currency?
And ahead of the MAS next policy decision, what should we be expecting from the Singapore dollar?
On Money in the Market, Hongbin Jeong speaks to Philip Wee, Senior FX Strategist at DBS, to find out more.

Download this podcast.

Listen to his previous podcasts:

25 August 2023
Money in the Market: Will the yuan depreciate further?
Worries about China’s slowing economy and its widening interest-rate differential with the US have sent its currency, the yuan, tumbling some 5% this year, though it has fared better against the currencies of other trading partners.
The People’s Bank of China has introduced a variety of measures to slow the depreciation, including stronger-than-expected reference rates and urging state banks to buy the managed currency.
Meanwhile, the greenback rallied toward a three-month high today as traders mulled the possibility of higher-for-longer interest rates ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium later today.
Emaad Akhtar speaks to Philip Wee, Senior FX Strategist, DBS to find out more about the latest movements in currency markets.

Download this podcast.

31 January 2023
Money in the Market: What's the outlook for the US dollar for the year ahead?
The dollar is eyeing a fourth monthly loss as investors expect a peak in US interest rates could swing into view as soon as this week's Federal Reserve meeting. The currency market is subdued in the lead-up to Wednesday's Fed rate decision, though cautiousness across financial markets lifted the greenback by a fraction. On Money in the Market, Hongbin Jeong speaks to Philip Wee, Senior Currency Economist at DBS to find out where the US dollar is headed.

Download this podcast,

31 August 2022
Money in the Market: Can the yen hit the 140-level as soon as next week?
On Money in the Market, Hongbin Jeong is joined by Philip Wee, Senior Currency Economist at DBS Bank to discuss the current currency market amid markets negatively affected by US Fed Chair Jerome Powell’s speech last Friday, where he warned there would be no respite from interest rate hikes. With expectations of further rate hikes in the US, the US dollar strengthened to a fresh 20 year high earlier this week. Philip gives more details on the effect of the US dollar on the SingDollar, the Japanese yen, the euro, and the Chinese yuan.

Download the podcast.

11 April 2022
Bigger Picture: Urgency for the MAS to tighten for 3rd time in a row
Philip Wee, Senior Currency Economist, DBS Bank, previews why Singapore's central bank is likely to tighten monetary policy this week, as well as how the Singapore dollar will fare against the rising greenback this year.

Download the podcast.

11 March 2022
Forex Fridays: Should Forex Markets Fret Over Rising Oil and Stagflationary Fears?
Market sentiment in the last week was largely dictated by oil's large price swings, with surging Brent Crude breaching 130 USD a barrel before backing off in the last few days. This has raised questions about possible stagflation fears yet again. Philip Wee, DBS' Currency Economist, joined us on Forex Fridays to discuss the impact this is having on the broader FX space, currencies across Southeast Asia, and what this means for the Federal Reserve's upcoming decision and the Chinese Yuan.

Download the podcast.

15 October 2021
Forex Fridays: How The MAS' Policy Decision Impacts the Singapore Dollar
The Monetary Authority of Singapore surprised forex markets by tightening some of its policy settings by raising the slope of the Singapore Dollar's nominal effective exchange rate (NEER). But how does that tweak support the local currency? DBS Senior Currency Economist Philip Wee joined us on Forex Fridays to discuss how the MAS' action impacts the Singapore Dollar, and what currency he'd pair the local currency with if he was going long SGD?

Download the podcast.

11 June 2021
Forex Fridays: Inflation, Commodities and Related Currencies
Another week, and another set of reminders that inflationary pressures are keeping markets on their toes. Philip Wee, DBS' Senior Currency Economist, spoke to us on Forex Fridays about these pressures, how it may influence Forex markets, and why the link between oil and iron ore prices and commodity-linked currencies aren't as straightforward as we'd think they are.

Download the podcast.

19 February 2021
Forex Fridays: What Rising Yields and Reflations Will Mean for the Greenback
DBS Senior Currency Economist Philip Wee joined us on Forex Fridays to discuss the recent steepening of the yield curve, and what it might mean for the US Dollar.

Download the podcast.

23 October 2020
Forex Fridays: Of Dollar Weakness, Yuan Strength and Sterling Resilience
Not a dull moment in the Forex space, with the dollar wobbling as we near the November 3rd elections, and the Chinese Yuan going from strength to strength. And what do we make of Forex markets pricing in a Brexit trade deal, which is bolstering the Pound, and the fate of the Baht amidst ongoing protests in Bangkok? DBS Senior Currency Economist Philip Wee joined us on Forex Fridays to discuss.

Download the podcast.

15 May 2020
Forex Fridays: Of Negative Rates, QE Bazookas and Where to Find Carry Trades
The Dollar Index is trading around its strongest levels in 3 weeks, with a suit of health and economic risks ushering another flight to safe havens. We speak to Philip Wee, Senior Currency Economist at DBS, on Forex Fridays, where we also examine possible carry trades with rates across the world heading down, tigthening yield differentials.

Download the podcast

21 February 2020
Forex Fridays: What Now for the Singapore Dollar?
The Singapore Dollar has hit a rough patch, hitting 1.40 against the greenback on recession fears and what might be the widest budget deficit since the late 90s. A lot is being thrown at the COVID-19 outbreak's impact on the economy, but will this punish the local currency even more? DBS Senior Currency Economist Philp Wee joins us on Forex Fridays to talk about the fate of the Sing Dollar, and why some safe havens are losing their luster.

Download the podcast

9 September 2019
Forex Fridays with DBS Senior Currency Economist Philip Wee
DBS' Philip Wee joined us on Forex Fridays at the Suntec City, where we talked about the British Pound's outlook after recent developments regarding a no-deal Brexit. He also touched on future policy movements from both the Federal Reserve and the MAS.

Download the podcast.

26 Apr 2019
Forex Fridays with DBS' Philip Wee
DBS FX Strategist Philip Wee joins us on Forex Fridays to discuss the prospects of the greenback and the yuan ahead of next week's trade talks and other catalysts. We also discuss the fate of the AUDSGD pair, with Wee showing more favor to the local currency.

Download the podcast.

13 Apr 2018
Philip Wee, Senior Currency Strategist, DBS Bank
The Monetary Authority of Singapore has announced that it will tighten the Singapore dollar - what does a stronger Singdollar mean for Singapore’s monetary policy, and what is its impact on our economy? Philip Wee, Senior Currency Strategist at DBS Bank, weighs in.

Download the podcast.