Market voice
Don't bank on a UK rate cut
A UK rate cut is far from a done deal, says Lee Ferridge, a proprietary trader at Rabobank International in London
Eurozone undermined by political concerns
Hans Redeker, global head of FX strategy at BNP Paribas in London, points to a return to awareness of political risk in the EU
Dollar recovery under strain
After recent strength the greenback looks vulnerable, according to London-based Lena Komileva, G7 Market Economist at Tullett Prebon
Euro returns to fair value
Stephen Jen, global head of currency research at Morgan Stanley in London, argues that the fall in the euro is more a reflection of the fact that the single unit was overvalued than a reaction to the ‘no’ votes in France and Holland.
Skandies set to diverge
The Norwegian krone likely to strengthen against the Swedish krona in the short term, according to Emma Lawson, FX associate at Merrill Lynch in London
Will sterling lead the USD?
Hans Redeker, global head of FX strategy at BNP Paribas in London, says recent strength in the dollar is likely to be short-lived
No need to shift the Hong Kong dollar peg
Tai Hui (right), economist at Standard Chartered in Hong Kong, presents four reasons why the Hong Kong authorities should not change the HK dollar’s peg to the greenback
More flexibility needed over renminbi rationale
Can USD/RMB rise? Asks Bhanu Baweja, FX strategist at UBS in Singapore
No election fears for GBP
The most recent UK election update shows sterling political risks diminishing further, says Adam Cole, senior currency strategist at Royal Bank of Canada in London
Risk appetite and FX positioning
Richard Franulovich, currency analyst for Westpac in New York, says weaker US data is likely to lead to a weaker dollar
When size matters
Political risk is not a factor sterling has had to contend with recently, but the UK's general election on May 5 might see this change, says Daragh Maher, senior currency strategist at Calyon in London
Reasons for rand depreciation
Tania Kotsos, senior emerging markets strategist at RBC, highlights the reasons why the South African rand should weaken over the next 12–18 months
Keeping a steady ringgit
Deeds speak stronger than words when it comes to the Malaysian ringgit, says Dominique Dwor-Frecaut, emerging markets strategist at Barclays Capital in Singapore
Oil price threat to the dollar
With FX reserves diversification and higher oil prices hitting the headlines, Simon Derrick at the Bank of New York in London discusses the potential impact on the dollar
Norway looks to higher prices
The Norwegian government is pursuing policies to drive prices higher while expressing a desire for a weaker currency, says Neil Mellor, currency strategist at Bank of New York in London
Look to NZ for opportunities
Geoff Kendrick, currency strategist at Westpac, is focusing on the New Zealand dollar (NZD) this week
Waiting for a won u-turn
After the recent declaration that the Bank of Korea intends to employ a policy of currency diversification in its reserve holdings, the won performed strongly. Here, Bhanu Baweja, FX strategist at UBS in Singapore, looks at what could trigger a u-turn
Dollar rebound won’t last
Less support for US currency as year goes on, says Jeff Young, head of FX strategy at Citigroup in New York
Expect nasty surprises
Michael Klawitter, senior currency strategist for West LB, believes the US current account deficit will remain a problem
Aussie momentum wanes
The Aussie will face considerable pressure around the 0.78--0.80 region, says Tim Fox, chief economist at National Australia Bank in LondonThe Australian dollar has been in strong demand since the first week of the New Year, bucking an otherwise strong…
Rough ride ahead for Asian FX
Asia FX is heading for a volatile course in the coming fortnight, with poor economic data and continuing uncertainty about renminbi revaluation, according to Claudio Piron, Asian FX strategist at JP Morgan in Singapore
Dollar weakness set to continue
Jim McCormick, global head of FX research at Lehman Brothers in London, sees short-term technical gains, but continued longer-term dollar weakness
Speculative $/¥ selling discouraged
Ian Stannard, senior currency strategist at BNP Paribas in London, favours selling USD/JPY gains amid mounting political pressure
Intervention going out of fashion
Paul Meggyesi, vice-president, global currency strategist at JP Morgan Chase, points to a decreasing willingness for Asian central banks to intervene as a reason to expect further dollar weakening