Trading
Euro wins as North Korea tensions rise
LONDON -- The euro was the biggest beneficiary in the currency markets as tensions in Asia increased over North Korea’s nuclear intention last week.
Dollar in for mixed week
Dollar trends will diverge in the week ahead, says John Normand, global fixed income and FX strategist at JP Morgan in London
Brazilian real firms as Lula calms markets
SAO PAULO -- The Brazilian real has been on a firmer footing so far this year as the market reacts favourably to the new government, headed by president Luiz Inacio Lula da Silva [Lula].
Research crucial in battle for investors
LONDON -- Banks are increasingly tailoring forex research for funds clients in response to more currency trading business from that client base.
June - The return of volatility
The return of volatility
2003: year of the euro?
2003 could be a good year for the euro and the yen, but the outlook is not so healthy for the US dollar, says Jesper Dannesboe, chief FX strategist at Dresdner Kleinwort Wasserstein in London
May - ACI Congress spots euro rise
ACI Congress spots euro rise
FX Week 2002 award winners
More than 1,000 banks, corporate treasuries and investors voted in our 2002 survey. Winners are listed below and split in to two pages from the links below. The Winners are pictured at the awards dinner held in London on November 21.
Merger sparks vendor war
LONDON -- Sparks were flying in the e-forex industry last week, as banks, vendors and brokers reacted to the fallout from Reuters’ purchase of rival FX trading software firm AVT Technologies.
Commerzbank cuts in London
LONDON -- Commerzbank has shed four foreign exchange jobs in London, a source at the bank told FX Week .
Freezing assets
We could be in for an abrupt change in climate. Steen Jakobsen (right) and John Hardy reveal how to adapt your portfolio to a new Ice Age
Calm before the storm?
Averting a potential war in the Middle East may not be enough to change the dollar’s tone, says Monica Fan, senior currency strategist at RBC Capital Markets in London
Euro slumbers through ECB decision
FRANKFURT -- There was little reaction in the FX markets to the European Central Bank’s (ECB) decision to cut interest rates by 50 basis points last Thursday (December 5).
New Europe to bring more forex trading opportunities
FRANKFURT -- The expansion of the European Union and subsequently the eurozone will bring new markets for generating forex profits, senior officials told FX Week.
All talk no action
The current round of yen weakening differs from previous incarnations, says Koji Fukaya, senior forex strategist at Bank of Tokyo-Mitsubishi in Tokyo. A drop to 135 is not expected this time
Correlation key for forex returns
For greater returns in the FX markets, investors should examine the correlations between different currency pairings, says Peter Luxton, economic adviser at MMS International
Unusual suspects boosted by the return of rate differentials
LONDON -- Interest rate differentials are making a comeback as a driving force in foreign exchange, as currencies backed by high interest rates continue to strengthen.
New market, new risks
LONDON -- The structure of the FX market is developing at a rapid pace, said Paul Fisher, head of the Bank of England’s FX division. That brings new opportunities -- but also new risks, Fisher told delegates at FX Week’s inaugural congress held in London…
eB2C relationships prosper
LONDON -- Bank-to-client relationships remain vital despite the march of electronic trading in forex, heard delegates at the inaugural FX Week Congress last week.
CURRENCY SPOTLIGHT - Sterling strong for now
Sterling should remain supported by favourable fundamental and structural factors, but it is vulnerable to fluctuations in investor risk appetite, says Prebon Yamane’s Lena Komileva
Cross-products find their feet
LONDON -- Cross-product trading is no longer just a "mantra" chanted by sell-side bankers, said Matt Desselberger, managing director, corporate structured products group at Deutsche Bank in London.
Online FX: a revolution in the making
Corporates and institutions have embraced the idea. Now, the market will judge which platform best serves their needs, says Stephen Smit, managing director, Global Link, Europe
Dollar finds its wings
The eurozone’s short-term advantage over the dollar has peaked. Citigroup, winner of FX Week ’s Best Bank in Research & Strategy Award, remains bullish on the US unit, says Robert Sinche, global head of FX research at Citigroup in New York