Emerging markets
Yield makes a comeback
Two months into 2012, Mitul Kotecha assesses the modest healing process that appears to have taken hold in currency markets after a period of marked risk aversion, and explains why yield is becoming a key factor influencing investor appetite
LTRO has jump-started currency investors out of risk aversion, says Pimco
Currency investors appear to have moved away from risk aversion and become more interested in high-yielding EM currencies as a result of the ECB’s refinancing operation, according to Pimco’s head of FX
Bric currencies dependent on Chinese policy on renminbi, says L&G strategist
Brazil, Russia and India see China as their main competitor and will wait until the country allows appreciation of the yuan before they follow suit
Growth of ruble spot market depends on settlement issues, say brokers
Average daily volume in the ruble spot market is estimated to be around $20 billion, but participants say it could grow by four times if institutions embrace real-time gross settlement and the ruble becomes a CLS currency
Offshore RMB remains a challenge for corporates
UK chancellor George Osborne is pushing hard for London to become the next financial centre for the trading of renminbi, but despite the blaze of publicity surrounding his visit to Asia this week, some corporates remain daunted by the new currency…
Wiedmann departs Credit Suisse as FX merges with EM fixed income
Merged unit, known as global currencies and emerging markets, will be established on January 1 under the leadership of Chris Corson and Todd Sandoz
Strategic currency hedging in emerging markets
When hedging currency markets, one should treat developed and emerging markets separately, as their behaviour can vary significantly, argues Edward Murray
FX Week Europe: Full coverage
FX Week presents full coverage of the FX Week Europe event on December 1, including two keynote addresses, five panel discussions and the Best Banks Awards
FX Week Europe: Investors warned to be prudent on EM currencies
Senior strategists and currency managers warn emerging market currencies are no panacea to the troubles in the eurozone
Spotlight on: Collin Crownover, SSgA
State Street Global Advisors’ head of currency management talks to Joel Clark about investor appetite for G-10 and emerging market currencies, and how his global team has managed the volatility and political uncertainty that has characterised the foreign…
FX Invest Middle East: Further economic weakness ahead for Mena, warns World Bank
Keynote speaker at FX Invest conference in Dubai says the current outlook for the Middle East and Africa is 10% unemployment and 4% growth, while figures for China are the reverse
Arends and currency team depart Henderson
Five departures follow the asset manager's decision to close its currency hedge fund and absolute return fund
FX Invest Middle East: Volatility is tough and unsustainable, say managers
Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility
Turkish intervention poses threat of inverted currency war
A wave of intervention by Turkey and Poland’s central banks to strengthen the lira and the zloty could lead to an inverted currency war if other central banks follow suit, according to strategists. Chiara Albanese reports
Swain to manage GFI's new Swiss office
New office in Nyon will focus on emerging market products
Ferrini out of Commerzbank
Fabrizio Ferrini made redundant as Commerz relocates its Italy and Spain bank sales desks from London to Frankfurt
Spotlight on: Mike Harris, Campbell & Company
The director of trading at commodity trading adviser Campbell & Company talks to Miriam Siers about the current trading environment and the challenges in the market for buy-side traders
FX Invest: Deeper markets, broader opportunities
The foreign exchange industry could be set for a shake-up. But with all things new come great opportunities.
FX Invest: Overlay Asset Management sticks with emerging markets
Overlay Asset Management’s Helie D’Hautefort talks to FX Invest about his firm's emerging markets strategies
HSBC recruits Thursfield in EM spot
Emerging market FX trader joins from UBS
Bloomberg taps into Malaysian foreign currency sukuk market
Vendor has partnered with the Malaysian central bank to launch the new index
Sanity check on the value of emerging markets
April in perspective: investors and managers appear to have become more averse to the risk posed by emerging market currencies after volatility struck in March
Spotlight on: Thanos Papasavvas, Investec Asset Management
The head of currency management at Investec Asset Management talks to Joel Clark about the firm’s focus on institutional investors and its expectations for the euro, emerging market currencies and the yen
FX Invest North America: Beware of EM risks, buy side warns
The danger of not being able to unwind a position in an illiquid currency during a crisis could outweigh the possible returns in many cases, according to conference delegates