Featuring Elsa Lignos, RBC’s Global Head of FX Strategy

Listen on Apple Podcasts, Google Podcasts, Spotify or Soundcloud.

Global markets have rarely seen the volatility they endured in March, but in recent days a degree of calm has returned. One big reason is the Fed’s quiet role in extending liquidity lifelines to countries around the world, essentially doing for them what central banks everywhere are trying to do for their own economies. Elsa Lignos, RBC’s Global Head of FX Strategy, explains how the Fed restored temporary calm – and what lies ahead for markets that are still in the depths of a global pandemic.

Click here to listen to more The 10-Minute-Take podcast episodes.


The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe.

‡ For relevant conflicts disclosure, please visit our Disclosure Lookup Tool.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.