News
Dollar freefalls in holiday trading
NEW YORK -- The dollar’s freefall during thin trading over the holiday season is set to continue as markets return to full activity, analysts said last week.
US sets trend for high bonuses
NEW YORK -- Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December.
BNP Paribas hires head of institutional sales
AMSTERDAM -- BNP Paribas hired Dietert Wesselius as head of institutional FX sales in Amsterdam on December 1. Wesselius joined the bank to manage a team of five, which was recently expanded by the appointment of Martin Knol and James McHardy in October…
GFI continues Asian build-up
SINGAPORE -- Two support staff are set to join inter-dealer broker and market data supplier GFI in Asia in January, as the firm aims to capitalise on growing opportunities in the region.
Funds find profits elusive in November
LONDON -- Currency fund managers found it difficult to make profits in November, according to the Parker FX Index for that month, published at the end of December.