Dealers urged towards aggressive pricing
Jon Velasquez, head of foreign exchange at Security Bank Corporation, said spot, forwards and options spreads have widened as price-makers "play it safe" and hesitate to give the best prices. He said that, in terms of a long-term strategy, now might be the best time for price-makers, particularly those with bullish views, to become aggressive on pricing.
"Right now is an opportunity to look better than the other counterparties," said Velasquez. "In a few years from now, corporates will remember
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