Trading
Rate cut turns market anti-dollar
NEW YORK -- The US dollar hit three-month lows against several major currencies last week, triggering a welcome return of volatility to the markets after months of range trading.
That sinking feeling
Policy flexibility and high productivity have supported the dollar, but they aren’t enough to turn the tide of weak growth and negative technical signals, says Francesca Fornasari.
Germany: the eurozone laggard
There are several positive influences on the euro, but the German economy is holding the currency back, says Nick Bennenbroek, international economist at Brown Brothers Harriman in New York
BIS: e-FX may impact liquidity, volatility
BASLE -- Market participants fear the rise of electronic trading may adversely impact liquidity and volatility in the FX markets, according to the Bank for International Settlements (BIS).
Short-term divergence
Traders seeking to exploit medium-term misalignments in FX rates should take a close look at euro/Norwegian krone and dollar/Swiss franc trends, says Aziz McMahon, FX strategist at ABN Amro in London
Reliant on foreign inflows
Stock markets may be falling, but foreign investors are still buying US equities, says Michael Woolfolk, currency strategist and head of North America research at Bank of New York
Citigroup defies downturn
Top player’s revenues up again as gap widens between the best and the rest
Sterling: the big-picture view
The UK economy is looking increasingly like Cinderella among the ugly sisters of Japan, Europe and the US, says David Bloom, currency strategist at HSBCin London
Barclays bolsters global line-up with 10th new recruit this year
LONDON -- The wholesale expansion of Barclays Capital's forex group continued last week with the hire of a new global head of foreign exchange structuring.
Euro, yen: G3 laggards
As domestic demand in the Eurozone and Japan slumps, the dollar has shrugged off news of a current account deficit, says Richard Grace, senior currency strategist at WestLB
Real hammered as election woes bite
SAO PAULO -- The Brazilian real dropped near to its lowest-ever level last week as political uncertainty continued following the presidential election on October 6.
Sterling credit crisis raises FX fears
LONDON -- Fears for the long-term future of sterling forex have been heightened by the revelation of a liquidity crisis in sterling bonds.
Misreading the signals
The US current account deficit is an overestimated factor in determining the dollar's direction, says Niels Christensen, senior currency strategist at SG in London
China FX emergence continues
BEIJING -- The liberalisation and development of China’s FX market is continuing, presenting banks with a potentially lucrative new market.
European currencies win out as Japan and US woes bite
LONDON -- European currencies were the winners last week as fears over economic and political issues intensified pressure on the dollar and the yen.
European currencies win out as Japan and US woes bite
LONDON -- European currencies were the winners last week as fears over economic and political issues intensified pressure on the dollar and the yen.
The lira: built to last
Despite political and economic upheaval, the Turkish lira has remained strong, says Matt Vogel, head of strategy for EMEA at Barclays Capital in London
Options business booming
Growing client sophistication prompts banks to expand in derivatives
ABN Amro scores CLS coup
AMSTERDAM -- ABN Amro Bank announced three clients for its third-party Continuous Linked Settlement (CLS) service last week, scoring a coup in the highly competitive market.