Foreign exchange
Timing a reversal of fortunes for the euro and yen
John Hardy, chief FX strategist at Saxo Bank in London, picks out the shifts in the status quo in the months ahead
FX Invest April-June now LIVE!
Read about risk-adjusting exposure to the renminbi; growth of the electronic FX options market; Solvency II and currency risk management; profiles with UK'as Financial Services Authority and Allianz Global Investors
ITG eyes April launch for new FX TCA tool
Second iteration of the technology provider's transaction cost analysis tool for forex will launch in April, two years after the first version
LCH’s ForexClear gets off to a solid start in NDFs
The launch of clearing of non-deliverable forwards on LCH.Clearnet's new ForexClear platform went smoothly last week, according to participants
Weighing up the rupee
The growth of the Indian economy and the appreciation of the rupee in early 2012 have made the currency an attractive focus for forex investors, but strategists remain divided on the currency’s potential to rally further this year
Spotlight on: Valérie Perez, Deutsche Bank
Deutsche’s head of foreign exchange distribution for France, Benelux and Switzerland talks to Chiara Albanese about the changing demands of the bank’s corporate clients in continental Europe
Ice throws down FX clearing gauntlet to competitors
Competition in forex clearing intensifies as LCH receives regulatory approval and Ice explains how its rival offering will differentiate itself
Platform rules for OTC markets could decimate smaller players, warn panellists
Single-dealer platforms and smaller market participants will suffer under new OTC regulations, according to speakers at Fix Protocol trading conference
Bank Sarasin: Swiss franc is under control
The Swiss private bank's chief economist believes the threat of further intervention from the SNB will prevent further appreciation of the franc
Goldman Sachs loses three in FX sales
Artur Kuzma, Jonny Edelman and Jo Li have left Goldman Sachs
Nomura expands in Dubai
FX traders Hyeonmuk Mun, Hatem Jerad and Ali Debbagh join Nomura to focus on Mena region
FX market looks to Brazil for LatAm returns
Brazil is a key area of focus for FX banks and interdealer brokers this year, despite the erratic behaviour of the Brazilian real towards the end of 2011 and the challenges arising from the currency’s non-convertibility. Melanie White reports
MarkitServ unveils middleware connectivity service for FX clearing
New middleware tool is launched today after MarkitServ won competitive tender process with the top banks and was certified by three FX clearers
CLS appoints general manager for Asia-Pacific
Makoto Miyazaki joined CLS in Tokyo yesterday, replacing Kiyoshi Morofushi
Gavsie to replace Thorsen as BMO’s FX chief
CJ Gavsie will become head of FX products on March 31, following the retirement of Jamie Thorsen
FX Invest Europe: Investors cautious on prospects for renminbi
Currency managers express a preference for alternative emerging market currencies to Chinese renminbi
US dollar emerging from the woods, says SLJ Macro Partners
Weighing up the net effect of a negative outlook in the eurozone with positive growth signs in the US, Stephen Jen favours the US dollar
Buy the Indian rupee, says State Street Global Advisors
Having been bearish on the rupee for several years, the firm's head of currency management has become more positive in recent months, and now rates the currency as a top EM bet
Exploit relative-value opportunities in EM currencies, says Investec
Turkish lira versus the Israeli shekel is a favourite relative-value play for Thanos Papasavvas, fixed-income and currency strategist at Investec Asset Management
Aussie dollar is overvalued, says UBS Asset Management
Despite the strong performance of the Australian economy, the Aussie dollar is overvalued to "an extreme level", according to Jonathan Davies
Buy US dollar rather than EM currencies as a euro alternative, says Schroders
Clive Dennis, head of currencies at Schroders, doesn't share the widespread enthusiasm for EM currencies and recommends investors should buy the dollar as an alternative to the euro
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
Singapore’s FX exemption welcomed as a sign of global consistency
A proposal by the Monetary Authority of Singapore to exempt FX swaps and forwards from mandatory clearing is seen as a positive move to harmonise treatment of FX with the US
FX strategy duo departs UBS
FX strategists Taso Anastasiou and Manuel Oliveri were based in Zurich with the Swiss bank