Fears of a leak have been dispelled, but as Colin Lambert reports, the mystery over why the Australian dollar is moving seconds ahead of major announcements is still puzzling.In the seconds leading up to the release of the Reserve ...
As Profit & Loss was going to press, a rebound in the Canadian dollar was gathering momentum, buoyed by stronger oil prices, a weaker US dollar and a fairly optimistic tone from the Bank of Canada. This marks a reversal in ...
By Jens Nordvig, Ankit Sahni, and David Fritz, Nomura
The Case for Dollar Strength
Our medium-term view on the dollar is clear. We expect
broad-based USD gains on a medium term basis. Both
structural and cyclical factors point to currency
As the Commodity Futures Trading Commission (CFTC)
deadline for Swap Execution Facility (SEF) trading in
OTC derivatives nears, the race to apply for SEF status
resembles the recent rush to exit emerging market risk –
everyone appears to be trying to ...
Georges Bory, managing director and co-founder of Quartet FS argues for a change in how we handle
It is well-documented that the financial
crisis prompted a review of risk
management across the banking sector.
Whether due to new ...
Colin Lambert reports on the latest series of FX turnover surveys, which offer some food for thought.
The return of volatility to the
Japanese yen has helped drive a
surge in turnover in the major FX
centres, according to data ...
By Patrick Artus, Chief Economist, Natixis
Given the vast improvement of the US economy over the past year, many analysts are surprised that the
depreciation of the euro against the dollar hasn’t been
more prevalent, particularly when you compare ...
One of the enigmas of the era that has witnessed
such strong growth in e-trading has been the
relative lack of uptake in FX swaps. The most
recent semi annual turnover surveys in the UK had over
66% of spot business ...
Over the last 10 years, the global foreign exchange market has seen volumes grow at pace, with average
daily trading volume reaching an estimated $4.68 trillion by the end of last year, contributed to in part
by a spike in retail FX ...
Two initiatives are underway to tackle the thorny issue of pre-trade credit checking in OTC derivatives.
Bank of America Merrill Lynch, Citi and Goldman Sachs
have signed up as futures commission merchants (FCMs)
to use MarkitServ’s Credit Centre, a ...