Economics
Banks expand Asia research
SINGAPORE & HONG KONG - Asian analysts are in hot demand as a number of banks build up Asian research teams to match client interest in the region's emerging economies.
London forex faces 130 job cuts
LONDON - Foreign exchange workers in London should brace themselves for 130 job cuts in 2008 as the interbank market crisis forces banks to reduce staff levels, according to estimates by London's Centre for Economics and Business Research (CEBR).
Is the dollar dross?
Pete Luxton, global markets adviser, and Shant Movsesian, FX options manager, at Informa Global Markets in London, seek ways to benefit from the flagging US dollar
Rating agencies assess CP markets
EUROPE – Fitch Ratings and Moody's sought to capture the effect of the commercial paper (CP) market's lack of liquidity on the wider banking outlook in two conference calls last week.
Goldman bullish on Bric
LONDON – The New World economies are to overtake Old World economies within 25 years, according to Jim O'Neill, head of global economic research at Goldman Sachs.
China's forex reserves exceed $1 trillion
BEIJING – China's foreign exchange reserves have exceeded the $1 trillion mark, said state officials last week.
Reset strike bonus forwards for a Korean win
David Mann, senior FX strategist, and Michael Image, senior FX structurer at Standard Chartered in Hong Kong, suggest reset strike bonus forwards over plain forwards to hedge Korean won downside risks
Building long AUD/NZD positions with less risk
Besa Deda, Sydney-based currency strategist for the Commonwealth Bank of Australia, looks at how to gain long exposure to AUD/NZD amid high volatility
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Defrosting the myths
The risk of an Icelandic crisis and its impact on other high-yielding currencies has been strongly exaggerated, says Beat Siegenthaler, senior strategist at TD Securities in London
India looks to capital account convertibility
MUMBAI – Indian authorities took a step towards further FX liberalisation last week, by forming a committee to establish a framework for fuller capital account convertibility.
Preparing for Korean won under-performance in 2006
Standard Chartered’s economics and FX strategy team suggest ways to position for a weaker Korean won in 2006
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
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
Panelists advise Bush on China
HONG KONG – Panelists were put in the shoes of Jon Snow, US Treasury secretary, in the lively session chaired by Ray McKenzie, head of FX at the Chicago Mercantile Exchange.
Don't fall behind, use the REER
The real effective exchange rate holds the key to how the government can manage damaging rupee fluctuation, according to Kotak Mahindra Bank's Treasury Solutions team in India
Heading for the final USD selling opportunity
Hans-Guenther Redeker, global head of FX strategy at BNP Paribas in London, suggests a way to take advantage of the prospect of near-term dollar strength to protect against the likelihood of longer-term USD weakness.
Euro fall to continue, say analysts
LONDON, COPENHAGEN AND NEW YORK – The euro is set to stay weak against the dollar, according to FX strategists.
Imbalances the major threat
STOCKHOLM – Global imbalances caused by currency intervention are building up and pose a real threat to world economic stability. This was the key message of central bankers at last week’s ACI conference in Stockholm.
Benefiting from yuan revaluation
The Lloyds TSB Financial Markets team suggests how to benefit if the Chinese yuan revalues and Asia follows suit
What is the fate of the greenback?
Corporates need to be aware of the likely fate of the dollar. Simon Miles (below), head of dealing at London-based foreign exchange brokerage CorporateFX, points to economic policies leading to another bubble, and says the authorities need to do more to…
Ringgit peg likely to end, say analysts
KUALA LUMPUR & SINGAPORE – The days of the Malaysian ringgit’s six-year peg to the dollar look to be numbered, according to analysts in the region.
Turkish delight in strength of lira
ISTANBUL – The run-up to the introduction of the new Turkish lira (NTL) has coincided with a strong growth in the unit.
Politics fail to dampen hopes for forint
BUDAPEST – The resignation last month of Hungary's prime minister Peter Medgyessy has not led to the trading opportunities that may have been expected from the country's currency, the forint.