Foreign exchange
CBA hires in spot and trading in NY
Commonwealth Bank of Australia has made two new hires in sales and trading in New York.
4Cast wins out with euro risk
4Cast topped the one-month currency forecast rankings by predicting that the euro bounce at the start of the year would take a hit from the return of concerns over euro sovereign debt.
Trading Places, January 17, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Saxo hires Citi vet
Saxo Bank has hired Citi’s former global head of client management as it expands its front-office business in London.
Brown returns to market at BBVA
HSBC veteran returns to market in key role for Spanish dealer
Yield strategy wins out in 2010
Currency managers using the yield strategy would have been top performers in 2010, indicates research from Royal Bank of Scotland. The bank’s naive simulations of currency strategies found that the yield strategy generated 8.9% last year and 5.3% in…
ParkerFX loses out in November
The Parker FX Index reported a –0.39% return for November as the risk-aversion based US dollar rally caught out the majority of currency managers.
Spot volumes flat in December
Foreign exchange spot volumes for December were level compared to December 2009, but dropped significantly from November, due to the Christmas season slowdown.
New year, new faces at RBS and UniCredit
Royal Bank of Scotland has hired Eric Robin to head FX bank and institutional sales for Europe, focusing on European asset managers and banks.
Subterranean euro-sick blues
The sovereign debt crisis is not going away, and will drive much of the action in the first quarter at least, writes Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York
Contrarian view boosts RBC to top of the 12 month rankings
RBC Capital Markets (RBC) topped the 12-month currency forecast rankings by maintaining its contrarian view on yen and Swiss franc strength.
What's ahead for 2011
Industry heavyweights tell us what’s in store for this year