FX Markets - Volume 13 / No. 44
Articles in this issue
Candollar ready to fly
The Canadian dollar is poised to appreciate versus the US dollar in the medium term, says George Davis, currency market strategist at RBC Capital Markets in Toronto
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.
Overlay demand hits new peak
LONDON -- An anticipated decline in the value of the US dollar is boosting demand for currency overlay, according to FX specialists in London and New York.
Alpha closes London FX
LONDON -- Greece’s Alpha Bank has closed its London treasury and capital markets operation and moved all FX trading to its Athens HQ, a senior official at the bank in London told FX Week .
Lehman expects to hire in FX despite rumoured IB cutbacks
LONDON -- Lehman Brothers’ foreign exchange operations will not be affected by cuts in investment banking in Europe, a senior official at the bank in London told FX Week .
Trading places
Bayerische Landesbank rejigs European FX German firm Bayerische Landesbank is reorganising its European forex business, a senior official at the bank in London told FX Week .
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.
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Currency managers down in September
STAMFORD, CT -- Few currency fund managers saw positive returns in September, according to the Parker Global Strategies’ FX index, released last week.
Real makes shaky steps to recovery
SAO PAULO -- The Brazilian real has steadied in the aftermath of the recent presidential elections, but Brazil’s debt problems are still threatening the currency.
Tech briefs
WSS launches upgrades
BBH upgrades web platform for investors
NEW YORK -- US custodian Brown Brothers Harriman (BBH) went live with the upgrade of its web-based currency trading service FX WorldView last week, Brenda Kerins, head of FX e-commerce at BBH in New York told FX Week .
Congress bites
CME launches online futures tool
Vendors showcase custom-built solutions
KUALA LUMPUR -- Customised solutions dominated the trade show at the ACI -- The Financial Markets Association’s 22nd Asia Pacific Congress earlier this month.
Asian banks reinvent treasury
KUALA LUMPUR -- Banks in Asia are reinventing their treasury departments to become more customer-centric, with increasingly sophisticated products, heard delegates at the forex industry congress in Kuala Lumpur.
AIG joins CLS as new shareholder
LONDON -- American International Group (AIG) has become a shareholder of CLS Group Holdings, the holding company for Continuous Linked Settlement (CLS), the firm announced last week.
Malaysian central banker addresses forex market
KUALA LUMPUR -- The governor of the Central Bank of Malaysia last week told forex dealers the concept of a single Asian currency was unlikely in the immediate future. But, "this does not preclude greater co-operation on exchange rate issues and other…
