Swiss National Bank (SNB)
Prepare for further black swan events in FX, corporates urged
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the FX markets, senior Lloyds banker tells ACT conference delegates in Manchester
Safe-haven appetite for Scandi currencies wavers
Despite the rush into the Norwegian krone and Swedish kronor following Swiss National Bank intervention on September 6, FX traders and strategists are lukewarm about the Scandi currencies' capacity to become long-term safe havens
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
BAML wins with correct bearish euro call
Europe has a number of ‘mini land mines’ that could blow up, says strategist at the US bank
Taking stock of 2011: the buy side
Central bank intervention, volatile markets and forthcoming regulation – hedgers and investors in the FX market continue to face some real challenges. Chiara Albanese and Miriam Siers hear their views
Long Swiss franc players hit by SNB move
Sudden depreciation of the Swiss franc, following an SNB announcement last Tuesday that it would buy unlimited amounts of foreign currency, has left some participants nursing hefty losses.
IFR Markets triumphs with Swiss franc appreciation view
Thomson Reuters – IFR Markets topped this week's 12-month forecast rankings after predicting the Swiss franc would strengthen against the dollar
SNB faces battle to maintain franc currency floor
Swiss National Bank pledges to set minimum euro exchange rate at Sfr1.20, but analysts express concern over central bank’s ability to maintain exchange rate floor
Options traders sense SNB running out of steam
Options traders are betting on further appreciation of the Swiss franc, following comments from the Swiss economy minister that Switzerland will have to put up with a strong currency
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
CBA forecasts accurately navigate summer of discontent
Australian bank’s expectations on the direction of eurodollar and cable land it at the top of both the one-month and 12-month forecast rankings
Positive view on Swiss franc puts Nomura on top
Japanese bank predicted last July that structural flows would support Swiss franc appreciation, landing it at the top of this week’s 12-month forecast rankings
Rabobank triumphs with expectations of USD weakness
Rabobank topped this week’s one-month currency forecast rankings with expectations the US dollar would continue to weaken.
Contrarian view boosts RBC to top of the 12 month rankings
RBC Capital Markets (RBC) topped the 12-month currency forecast rankings by maintaining its contrarian view on yen and Swiss franc strength.
Informa: Quantitative easing threats weigh on the dollar
Informa Global Markets has topped the 12-month currency forecast rankings for a second week in a row by focusing on the effect of changing US dollar sentiment on the FX markets.
2010 the year of the yen
Simon Smith, chief economist at retail trading company FxPro in London, says the yen will drive currency markets in the second half of the year
RBC: Low Fed rates boost yen
RBC Capital Markets (RBC) topped the three-month currency forecast rankings this week with a focus on euro crosses against the yen and Swiss franc.
On your marks...
One of the foreign exchange market mega-trends in 2010-2020 will be the use of the Swiss franc as a proxy for the old German mark, says Mansoor Mohi-uddin, global FX strategist at UBS in Singapore
FX CIOs: 'Lehman II' and capital controls biggest risks to FX
Chief investment officers attending FX Invest Europe 2010 share their fears
Speculators not to blame for sterling weakness says BOE's Cross
Keynote speakers from the Bank of England and the Swiss National Bank were quizzed at FX Invest Europe
Strong words from the SNB
Neil Mellor, currency strategist at Bank of New York Mellon in London, warns against reading too much into the Swiss National Bank's latest policy statement.
EUR/CHF: Last one standing
Olgay Buyukkayali, foreign exchange strategist for Nomura in London, explains why now is a good time to buy EUR/CHF