Foreign exchange
Breakdown in correlations leads to forex discrimination
Risk aversion has returned, breaking down correlations between assets and leading to investor discrimination between currencies. Mitul Kotecha looks at who stands to gain from this shift in appetite
Identifying the winners from Bank of Japan easing moves
Japanese investors will diversify overseas as the BoJ steps up its quantitative easing. Adam Cole follows the capital outflow to identify the currencies most likely to benefit
US domestic oil production provides energy boost for the dollar
Cheaper available energy in the US could attract foreign direct investment to the country, making the structural outlook for the dollar much brighter
Jefferies embarks on ambitious expansion in FX
Ben Welsh at Jefferies talks about the US investment firm's plans to build its FX offering
Saxo Bank renews focus on e-FX technology after poor 2012 results
Saxo's profits nose-dived last year, due to poor market conditions and a loss of focus. But the retail provider believes the changes it has made have given the business renewed direction
Brics leaders agree to set up $100 billion ‘financial safety net'
Contingent reserve agreement will allow Brics countries to provide each other financial support and will 'contribute to strengthening the global financial safety net'
Foreign exchange market set for growth in 2013
Drop in global asset correlation and regulation set to favour foreign exchange
Currency investors discuss strategies for 2013
FX Invest asks industry experts to describe their experiences during 2012, and what they are looking forward to in 2013
Russia remains slow to adopt real-time settlement
Participants believe the development of Russian ruble trading could be in deadlock as a result of the slow adoption of real-time gross settlement by Russian banks
Central banks grapple with risks arising from FX reserves
Holdings of foreign exchange reserves at central banks has increased since the crisis, and market participants believe diversification into new currencies could now pick up
Currency war scenario ‘exaggerated’, warns senior Swiss economist
Central banks are pursuing domestic priorities and are not engaged in competitive devaluation, says keynote speaker at FX Invest conference
RBS's Ahmad joins JPMorgan Asset Management in emerging markets debt and currencies
Appointment signals demand for investments in emerging markets debt and currencies
Ruble poised for growth after bond market liberalisation
As the bond market continues to open up and Moscow Exchange prepares to go public, FX market participants are eyeing potential opportunities for the ruble
Euro outlook 'unpredictable' after recent strength
Despite the resurgence of confidence in the euro since the turn of the year, participants appear to be following the caution expressed by Mario Draghi yesterday over whether the trend is sustainable
Japan institutional investors start unwinding dollar/yen hedge after steep yen drop
While foreign hedge funds have been driving down the value of the yen, now Japan insurers may strengthen the trend
FX Concepts moves execution to MarketFactory aggregator
New York-based currency hedge fund switched from Thomson Reuters to MarketFactory last month as it seeks to rationalise and simplify the process of aggregating liquidity
Regulators divided over collateral exemption for FX
Delays to the WGMR’s final standards on margin are due in part to disagreements over the treatment of FX, while the Financial Stability Board has called for variation margin to be tackled by a separate standard-setting body
Fidelity Management and Research hires Hawes
Foreign exchange industry veteran joins the buy side
Bank of China (Hong Kong) designated as market maker for CME USD/CNH futures
Market maker named for CME offshore Chinese yuan futures set for launch in February
CME launches three-year CNH futures contract to meet dim sum bond hedging demand
CME to offer CNH futures from February 25; becomes second provider after HKEx launched CNH futures contract last September
LCH approved for client clearing on ForexClear
The clearing house expects to begin client clearing for FX NDFs during the first quarter, and has now surpassed $500 billion in cleared volume for interbank NDFs
DTCC forex repository hits launch deadline, despite bank delays
The DTCC has today launched its global trade repository for FX in line with CFTC deadlines, although dealers now have until February 28 to begin reporting
What’s in store for 2013?
While 2012 was defined by low volatility and a clear decline in client activity, it also saw some major changes in the structure of the foreign exchange market, with a host of new initiatives and opportunities. FX Week speaks to senior market…
Review of 2012: October - December
FX Week looks back on the biggest stories of 2012, concluding with the fourth quarter. To read the original stories, click on the links in black