Trading
HSBC breaks into top three
LONDON - UBS has held on to the top spot to be named FX Week Bank of the year for the third year in a row. But the biggest upset sees HSBC break into the top three at Citigroup's expense.
BarCap sticks to core view
Barclays Capital's (BarCap) presence in the top five of the one- and three-month rankings in recent weeks is due to the UK bank sticking to its core view on the dollar.
HSBC breaks into top three
LONDON - UBS has held on to the top spot to be named FX Week Bank of the year for the third year in a row. But the biggest upset sees HSBC break into the top three at Citigroup's expense.
Is the post-Plaza Accord era over?
Toru Umemoto, FX strategist at Barclays Capital in Tokyo looks at views for and against ditching the accord
A towering rate of return
Sara Sullivan, head of currency solutions at ANZ Investment Bank in London, presents a way of enhancing returns on deposits by taking a view on exchange rates
Calyon still bullish on greenback
Calyon's consistent lead in the one-month and three-month year-to-date rankings is due to a bullish dollar view held since late 2004.
Focus on rates
With interest rates in the spotlight, Cyril Beuzit, global head of interest rate strategy at BNP Paribas in London, discusses what to expect next
Chaos and depreciation as Zimbabweforex trading system introduced
HARARE – The introduction of a more liberal and transparent forex market in Zimbabwe saw a three-fold drop in the value of the country’s currency and suspension of trading.
A strategy for yen appreciation
With faster economic growth, yen appreciation will happen. It is just a matter of timing, says Trevor Williams, chief economist at Lloyds TSB Financial Markets in London
EBS signs second largest Chinese bank
BEIJING – EBS has made further inroads into the Chinese market by signing on China Construction Bank (CCB), the second largest state-owned bank in the country.
The benefits of petro-dollar diversification
The latest data suggests that Opec members have not been recycling oil revenues into US assets. This implies that diversification is likely to start soon, putting the dollar under significant pressure, however the timing is still uncertain, says Ian…
Inflation targeting on the way
Royal Bank of Canada’s London-based senior emerging markets strategist, Tania Kotsos (right), looks at the potential impact of Ben Bernanke replacing Alan Greenspan as Fed Governor
Sterling’s glass half full
Rabobank has gone against market sentiment by maintaining an optimistic stance on the sterling, with a belief that the British economy is more resilient than the market thinks.
India’s white collar revolution
Sanjeev Sanyal, senior economist at Deutsche Bank in Singapore, points to the educated middle class as being the driver of the economy’s dramatic transformation over the last decade
Calyon picks rates as dollar driver
Calyon’s good run of form in the one-month and three-month year-to-date rankings has been driven by a view that the dollar’s weakness would not persist. The French bank argued that the US current account deficit would not continue to act as a drag on the…
Measuring US dollar and prospects
Thomas Lam Tai Loong, treasury economist at United Overseas Bank (UOB) in Singapore, outlines a way of predicting dollar movement through measuring growth in the US economy
First yuan IR swap for China
BEIJING – China took another step towards currency flexibility this month, with the first ever yuan-denominated interest rate swap receiving approval.
Mexican Peso: Activity in Mexican peso set to soar
MEXICO CITY – There is likely to be a surge in Mexican peso trading in the build-up to next year’s election, according to market participants.
Reserve Bank of India calls for more disclosure
MUMBAI – Governor of the Reserve Bank of India, Yaga Venugopal Reddy, wants to see more corporates disclose their FX and derivatives disclosure.
Sterling/yen aids Informa
Informa Global Markets’ top three placing in each of the five rankings is due to its accuracy in sterling and yen, said Pete Luxton, global markets adviser at Informa Global Markets in London.
Egypt on a roll
Mehmet Simsek, emerging market economist at Merrill Lynch in London, reviews the factors behind further real medium-term strengthening and future appreciation of the Egyptian pound
Hong Kong to up ante on CNY services
HONG KONG – Chief executive of Hong Kong, Donald Tsang, said the city will take steps to increase the depth of yuan banking services available.
Asian central banks increase reserve management sophistication
HONG KONG – Asian central banks who have typically been long dollar are evolving with their reserve management, according to Claudio Piron, currency strategist at JP Morgan.
Rouble set to surge as restrictions relaxed
MOSCOW – Russia is likely to see a surge in rouble trading as restrictions are relaxed, according to market players.