Funds repatriation bill set to pass

The Homeland Investment Act (HIA), which enables firms to bring home funds held overseas at a rate of 5.25%, instead of the current rate of 35%, is likely to be passed before the presidential election on November 2 – either to prevent a new Democrat president from rejecting the bill or to bring political prestige to the incumbent president, said Michael Woolfolk, senior currency strategist at Bank of New York in that city.

But while analysts agree the move is imminent, and concur that some $200

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

Solutions to rouble trouble

The rouble derivatives market developed in haste after further liberalisation of the currency in July 2006 and positive changes to the Russian Civil Code 1062, centring around the previous treatment of derivatives as gaming, in January 2007.

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.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: