Articles by FX Markets Staff
US sets trend for high bonuses
NEW YORK -- Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December.
July - Indian market opens up
The Reserve Bank of India lifted restrictions on trading currency options in July. The move was a major development for FX in one of the world’s fastest growing economies.
The ghost of Bentsen
The lessons of history may help in assessing the dollar’s fortunes in 2004, says Peter Luxton, economic adviser at Informa Global Markets in London
Deutsche is top currency forecaster
Deutsche Bank is the top forecaster on FX Week’s weekly index of 10 banks since its launch in July.
Zero-cost strategies for European importers
The strengthening euro should be a boon for European importers. Natalie Doyle, director of FX money markets and derivatives sales at ING in Singapore, explains how to make the most of the euro’s strength while hedging risks with zero premiums
December - AIG cuts ahead of merger
The year ended on a bad note as recruiters in the US and Europe started to report widespread cuts at American Insurance Group in Connecticut and London in December.
February - Heavyweights tackle anonymity risks
The risk of trading with unnamed counterparties was highlighted in February, when central banks and top players in FX joined together to combat the problem.
August - HSBC challenges Citi on Mexican remittances
HSBC issued a challenge to Citigroup in August by declaring its intention to target the $10 billion a year US/Mexican remittances market.
Dollar freefalls in holiday trading
NEW YORK -- The dollar’s freefall during thin trading over the holiday season is set to continue as markets return to full activity, analysts said last week.
October - BoA announces Fleet bid
Banking mergers were thin on the ground in 2003, but in October, news came of Bank of America’s (BoA) $47 billion purchase of FleetBoston Financial.
September - Quote unquote
"We jointly decided that the best move would be to increase its FX expertise" -- Jim Brown , managing director of TH Lee Global Internet Managers, on the departure of Currenex chief executive Lori Mirek in January
March - CLS technical glitch stalls trades
The first operational setback in the life of continuous linked settlement (CLS) came in March, when multiple technical faults stalled settlement in 20,000 Aussie dollar and yen trades.
More dollar pain before H2 rebound
The dollar will suffer much more pain in the near term before rebounding in the second half of 2004, says Larry Kantor, global head of economics and market strategy at Barclays Capital in New York