Trading
US dollar plummets against the yen
LONDON - Despite USD/JPY hitting 12-year lows last Thursday, traders are expecting a further collapse of the US unit versus the yen.
Market seeks substance
Teis Knuthsen, head of foreign exchange research at Danske Bank in Copenhagen, discusses the increasing significance of commodity exposure and domestic demand over the allure of high interest rates
Baht convergence limited
BANGKOK - The convergence of onshore and offshore baht trading may be short-lived, as new capital controls come into force on Saturday (March 15), say some analysts.
Flow data forecasts success for banks
Banks made a near clean sweep of this week's top forecast rankings, but said access to flow data is only of short-term help in the currency forecasting game.
January loss for Parker FX
STAMFORD, CT - The Parker FX index produced a 0.33% loss in January, as extreme volatility hit funds using trend-following strategies.
Trend strategies pay off in February
LONDON - Currency managers running trend strategies were the top performers in February, according to research by ABN Amro.
Eurobase Siena launches liquidity aggregation tool
LONDON - Eurobase Banking Solutions will offer a liquidity aggregation module later this month, in response to customer demand.
Central bank intervention remains unlikely
LONDON, FRANKFURT & NEW YORK - Unless chaos reigns, analysts deem central bank intervention in the currency markets unlikely.
Bank of Thailand lifts capital controls
BANGKOK - The Bank of Thailand is today (March 3) lifting controversial capital controls aimed at curbing inflows of hot money and a surging baht, 15 months after introducing the rules.
Split euro personalities
Simon Derrick, head of currency research at Bank of New York Mellon, investigates the causes of a geographical split in investor behaviour within the eurozone
South Korea interbank FX volumes shoot up
SEOUL - Average daily volumes in South Korea's interbank FX market rose to $19.71 billion in 2007, up from $11.8 billion a year earlier, according to official statistics released last week.
EBS Spot aims for NDF supremacy
LONDON - The battle to gain market share in electronic non-deliverable forwards (NDFs) broking is gathering pace, with the launch of seven Asian NDFs and Russian rouble trading on electronic spot broking system EBS Spot today (March 3).
Good news puts CMC top with stable yen view
Expectations of a re-emergence in risk appetite generated a yen forecast that lifted CMC Markets to the top of the three-month currency forecast rankings.
Dollar view pays off for Gain Capital
A bullish dollar view based on recent US rate cuts has seen Gain Capital take pole position in this week's one-month currency forecasts rankings.
Deutsche offers CRI-linked auto-callables
LONDON - Deutsche Bank is now selling auto-callable and target redemption notes linked to its Currency Return Index (CRI).
Riding the US recession
Adam Cole, global head of foreign exchange strategy at RBC Capital Markets in London, evaluates the prospects of a US dollar recovery amid a US recession
Taiwan banks accuracy warning
TAIPEI - The Taiwanese monetary authority issued a circular to banks last week warning dealers to ensure the necessary paper work is accurately reviewed when executing currency forwards and non-deliverable forwards trades.
Credit Suisse signs up more algo clients
LONDON - Nine new clients signed up to use Credit Suisse's algorithmic trading models for foreign exchange in January, according to a senior official at the bank in London.
Banks bet on yen amid subprime fallout
Continued fallout from the US subprime mortgage crisis was a key influence on a yen view that took National Australia Bank (NAB) to the top of the one-month forecast rankings this week.
Looking beyond the US dollar
If 2007 was the year the US sneezed, 2008 promises to be the year in which the rest of the world catches a cold, says Cameron Umetsu, currency strategist at Nomura International in London
Goldman Sachs launches new Redi FX platform
LONDON - Goldman Sachs has launched Redi FX, a stand-alone, single-bank foreign exchange trading platform.
FX-linked investments rise as US dollar weakens
NEW YORK - Forex-linked investments enjoyed rapid growth in the US last year, as the dollar experienced further decline.