Federal Reserve
Traditional reserve currencies on the decline, says Pimco
Pimco's chief operating officer is bearish on major currencies, expressing the fund's preference for emerging markets, particularly the ruble and renminbi
Achievement award: Jeff Feig
Citi’s global head of G-10 FX wins the 2013 e-FX achievement award in recognition of the exceptional contribution he has made to Citi’s foreign exchange franchise and the broader industry over the past nine years
BTMU hires from Barclays in e-FX sales
Ericka Bratsiotis has joined Bank of Tokyo Mitsubishi UFJ; other staff changes at the Federal Reserve, Deutsche Bank and Goldman Sachs
Faith in euro recovery lands BAML on top
Bank of America Merrill Lynch forecast a long-term euro rally in mid-2012, putting it at the top of the 12-month rankings, but the bank expects the euro to weaken in the months ahead
Markets braced for dollar to rally post-FOMC
As Fed chairman Ben Bernanke is expected to confirm plans for tapering of bond purchases, FX traders say the dollar will rally in response
US dollar will continue to outperform, says StanChart
A prediction the US dollar would perform well against other major currencies during May lands Standard Chartered at the top of the one-month rankings
CMC Markets triumphs by backing the greenback
CMC Markets tops this week's three-month currency forecast rankings with expectations of yen and euro weakness
Danske Bank: Relative monetary policy pushes EUR/USD higher
Central bank policy pressures weigh on the euro, and Danske Bank expects eurodollar to continue trading in the low 1.30s over the coming month
Local factors will decide carry trade winners
Weaker US data, coupled with the Fed's quantitative easing, supports carry trades generally, but particularly where local factors are favourable
Breakdown in correlations leads to forex discrimination
Risk aversion has returned, breaking down correlations between assets and leading to investor discrimination between currencies. Mitul Kotecha looks at who stands to gain from this shift in appetite
FX Invest North America: Central banks ‘getting away with murder’
Central banks are pursuing the wrong policies and will find it difficult to know when to tighten monetary policy, says Axel Merk at Merk Investments
New York Fed demands better management of FX risks
Greater use of capital and collateral to mitigate all risks relating to FX trading is crucial, warns Jeanmarie Davis, head of financial market infrastructure at the NY Fed
Currency war scenario ‘exaggerated’, warns senior Swiss economist
Central banks are pursuing domestic priorities and are not engaged in competitive devaluation, says keynote speaker at FX Invest conference
CLS hires ex-New York Fed veteran to head regulation
Management changes at CLS continue with the appointment of Dino Kos, former head of FX at the New York Fed, as head of global regulatory affairs
Volatility to remain constrained by central banks, says Rabobank
An expectation that the US dollar and the yen would both weaken during 2012 has landed Rabobank at the top of the 12-month currency forecast rankings
FX Concepts’ Taylor turns bearish on US dollar
The head of $3 billion hedge fund FX Concepts says the Federal Reserve’s open ended quantitative easing programme will drive the US dollar lower in coming months.
QE3 sparks widespread dollar bearishness
The US dollar fell against most major currencies following the announcement of QE3 on September 13, but market participants are lukewarm on the likelihood of its success
Central banks are behaving irrationally, complain currency managers
The ECB's OMT programme fails to tackle growth and a third round of QE from the Fed would be irrational, according to speakers at FX Invest West Coast conference
FX spot volumes in decline, survey results reveal
Average trading volumes in the spot market fell across all major FX centres in April, according to turnover survey results
Cautiously optimistic on EM currencies
While FX markets remain constrained by weaker-than-expected growth, a savvy combination of emerging market currencies offers the potential for strong returns, argues Callum Henderson
Eurozone woes spreading to China, warns BAML
Bank of America Merrill Lynch has climbed to the top of the one-month forecast rankings after taking a negative view on the euro, but the bank expects it could rally towards year-end
FX market a challenge for CCPs, says New York Fed official
Central counterparties might struggle to implement clearing solutions for the FX market, says Jeanmarie Davis
New CPSS/Basel guidance on FX risk management to be published soon
A new consultation paper on risk management practices in the FX market will be released in the third quarter – and may be published as early as this month
QE3 will be positive for GBP
A new bout of quantitative easing might be positive for sterling, but will likely lead to dollar depreciation, argues Adam Cole