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4Cast rides out dollar corrections

Chris Furness, senior currencies strategist at 4Cast in London, says resisting the temptation to chase prevailing spot rates into the longer term allowed 4Cast to top the one-month and 12-month forecasts.

Keeping a steady ringgit

Deeds speak stronger than words when it comes to the Malaysian ringgit, says Dominique Dwor-Frecaut, emerging markets strategist at Barclays Capital in Singapore

Emerging market opportunities

There are more options in emerging markets than you might think, says Scott Wacker (below), global head, client risk advisory and sales, ABN Amro in London

Oil price threat to the dollar

With FX reserves diversification and higher oil prices hitting the headlines, Simon Derrick at the Bank of New York in London discusses the potential impact on the dollar

Record start for US investment banks

NEW YORK – This year looks set to be another bumper year for FX, with a second consecutive year of record-breaking first- quarter results from the US investment banks.

FXCM's three-pronged approach

Forex Capital Markets (FXCM) has topped the three-month forecast using a combination of fundamental, technical and market indicators in its analysis, said chief strategist in New York, Kathy Lien.

SG CIB rolls out cross-asset research

PARIS – Société Générale Corporate & Investment Banking (SG CIB) has introduced cross-asset research to meet demand for information resulting from the increased correlation and interaction between asset classes from investors.

Saxo loyal to bearish view

Saxo Bank tops the three-month index for the fourth consecutive week, thanks to its continued bearish dollar outlook, said John Hardy, FX strategist at Saxo in Copenhagen.

Volkswagen hit by strong euro

WOLFSBURG – Volkswagen (VW) took an e800 million exchange rate hit to operating profits in 2004, with US sales dealt a significant blow from the strong euro.

Fade-out zero-cost collar for hedgers

Since the beginning of the year, we have witnessed a EUR/USD spot consolidation below 1.37. Also, the last move from 1.2700 took EUR-USD up to the middle of the range 1.27 / 1.37. Many USD buyers are therefore looking to zero-cost collars, one of the…

Asia shies away from dollar bloc

Basel – Asian currencies are not trading as a dollar bloc, said the Bank for International Settlements (BIS) in its quarterly review last week.

EBS opens to investor community

LONDON – EBS is launching its buy-side offering this week following a successful pilot with nine banks that has been running since November.

Buy-side access to hit banks

NEW YORK & LONDON – The race to arm buy-side players with direct trading access to sell-side foreign exchange platforms will hit bank FX desks, said market players.

Norway looks to higher prices

The Norwegian government is pursuing policies to drive prices higher while expressing a desire for a weaker currency, says Neil Mellor, currency strategist at Bank of New York in London

Saxo Bank’s profits soar

COPENHAGEN – Saxo Bank has posted record pre-tax profits for the fourth consecutive year, at Dkr161 million ($28.35 million) for 2004, up 144% over 2003.

Avecia uses RBSFiX for huge deal

MANCHESTER – Avecia, a UK-based speciality chemicals company, has transacted a €495 million foreign exchange deal over the RBS FiX electronic trading system provided by the Royal Bank of Scotland (RBS).

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