Dynamics in today's currency markets are informed by historic events and trends that shaped the structure and of the global economy. Building on a lifetime of experience in formulating currency policy at the US Department of the Treasury and as US representative to the IMF, Mark Sobel, US Chairman at the Official Monetary and Financial Institutions Forum (OMFIF), joins the podcast to discuss many of the most far-reaching and relevant themes driving FX markets today. He details his thinking on the potential success of ongoing intervention in the Japanese yen, the centrality of the US dollar in trade and global finance and the history and current themes of RMB valuation and currency diplomacy. See omnystudio.com/listener for privacy information.