Articles by FX Markets Staff
Aussie funds shun overlay
SYDNEY -- Australian superannuation funds’ use of currency overlay has declined, according to a report made public last week.
French push for ECB reform
PARIS -- A French economic think tank has urged European authorities to reform the European Central Bank (ECB) ahead of the enlargement of the European Union and the eurozone.
BIS opens Americas office
MEXICO CITY -- The Bank for International Settlements (BIS) has opened a representative office for the Americas in Mexico City.
Dollar finds its wings
The eurozone’s short-term advantage over the dollar has peaked. Citigroup, winner of FX Week ’s Best Bank in Research & Strategy Award, remains bullish on the US unit, says Robert Sinche, global head of FX research at Citigroup in New York
Reuters reasserts forex dominance
UK trading technology and information firm Reuters may be having a difficult year, but its forex business is booming, according to FX Week ’s 2002 survey.
New York banks silent on FX job cut rumours
NEW YORK -- Spokespeople for Citigroup and Dresdner Kleinwort Wasserstein (DrKW) in New York last week declined to comment on rumours that both have recently cut FX staff in the centre.
BEST "BANKS SURVEY" 2002 -- DERIVATIVES
Citigroup, Deutsche Bank and UBS Warburg still reign in FX derivatives
ACI UK elects new president
LONDON -- The UK branch of forex body ACI-The Financial Markets Association elected Pinder Grewal as its new president on October 10.
Candollar ready to fly
The Canadian dollar is poised to appreciate versus the US dollar in the medium term, says George Davis, currency market strategist at RBC Capital Markets in Toronto
That sinking feeling
Policy flexibility and high productivity have supported the dollar, but they aren’t enough to turn the tide of weak growth and negative technical signals, says Francesca Fornasari.
Overlay demand hits new peak
LONDON -- An anticipated decline in the value of the US dollar is boosting demand for currency overlay, according to FX specialists in London and New York.
Alpha closes London FX
LONDON -- Greece’s Alpha Bank has closed its London treasury and capital markets operation and moved all FX trading to its Athens HQ, a senior official at the bank in London told FX Week .
Lehman expects to hire in FX despite rumoured IB cutbacks
LONDON -- Lehman Brothers’ foreign exchange operations will not be affected by cuts in investment banking in Europe, a senior official at the bank in London told FX Week .
Trading places
Bayerische Landesbank rejigs European FX German firm Bayerische Landesbank is reorganising its European forex business, a senior official at the bank in London told FX Week .
Rate cut turns market anti-dollar
NEW YORK -- The US dollar hit three-month lows against several major currencies last week, triggering a welcome return of volatility to the markets after months of range trading.
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.