Trading
Hungary: when the funds go marching in
The Hungarian forint’s peg should be scrapped before another speculative attack on the currency, say Marios Maratheftis and David Mann, economists at Standard Chartered Bank in London
Lessons in FX
Rob Carnell, senior international economist at Commonwealth Bank in London, reveals the lessons to be learned from the last 12 months in FX -- but warns that 2002’s peacock could always be this year’s turkey
Goldman's plan pays off
NEW YORK -- Goldman Sachs’ five year investment in foreign exchange is paying off, according to US banks’ financial results published last week.
Dealers prepare for worst from gloomy bonus season
LONDON/NEW YORK -- Bonus payments in FX for 2002 could be slashed by half following a difficult year in forex, traders and recruiters told FX Week .
Chaos in Hungary as forint volatility rockets
BUDAPEST -- The Hungarian central bank was forced to spend around e6 billion after the pegged forint almost broke its trading band last week.
Ports in a storm
Uncertainties surrounding the euro and the dollar mean investors should look further afield to avoid geopolitical risks, says Craig Larimer, managing director, international research group, Banc One Capital Markets in Chicago
Will white labelling stick?
Citigroup’s new white-label service has prompted interest from other banks. But a number of problems must be overcome before they can launch similar products, says James Kemp, London-based managing director of UK technology firm Stentra
Euro wins as North Korea tensions rise
LONDON -- The euro was the biggest beneficiary in the currency markets as tensions in Asia increased over North Korea’s nuclear intention last week.
Dollar in for mixed week
Dollar trends will diverge in the week ahead, says John Normand, global fixed income and FX strategist at JP Morgan in London
Brazilian real firms as Lula calms markets
SAO PAULO -- The Brazilian real has been on a firmer footing so far this year as the market reacts favourably to the new government, headed by president Luiz Inacio Lula da Silva [Lula].
Research crucial in battle for investors
LONDON -- Banks are increasingly tailoring forex research for funds clients in response to more currency trading business from that client base.
June - The return of volatility
The return of volatility
2003: year of the euro?
2003 could be a good year for the euro and the yen, but the outlook is not so healthy for the US dollar, says Jesper Dannesboe, chief FX strategist at Dresdner Kleinwort Wasserstein in London
May - ACI Congress spots euro rise
ACI Congress spots euro rise
FX Week 2002 award winners
More than 1,000 banks, corporate treasuries and investors voted in our 2002 survey. Winners are listed below and split in to two pages from the links below. The Winners are pictured at the awards dinner held in London on November 21.
Merger sparks vendor war
LONDON -- Sparks were flying in the e-forex industry last week, as banks, vendors and brokers reacted to the fallout from Reuters’ purchase of rival FX trading software firm AVT Technologies.
Commerzbank cuts in London
LONDON -- Commerzbank has shed four foreign exchange jobs in London, a source at the bank told FX Week .
Freezing assets
We could be in for an abrupt change in climate. Steen Jakobsen (right) and John Hardy reveal how to adapt your portfolio to a new Ice Age
Calm before the storm?
Averting a potential war in the Middle East may not be enough to change the dollar’s tone, says Monica Fan, senior currency strategist at RBC Capital Markets in London
Euro slumbers through ECB decision
FRANKFURT -- There was little reaction in the FX markets to the European Central Bank’s (ECB) decision to cut interest rates by 50 basis points last Thursday (December 5).
New Europe to bring more forex trading opportunities
FRANKFURT -- The expansion of the European Union and subsequently the eurozone will bring new markets for generating forex profits, senior officials told FX Week.
All talk no action
The current round of yen weakening differs from previous incarnations, says Koji Fukaya, senior forex strategist at Bank of Tokyo-Mitsubishi in Tokyo. A drop to 135 is not expected this time
Correlation key for forex returns
For greater returns in the FX markets, investors should examine the correlations between different currency pairings, says Peter Luxton, economic adviser at MMS International