Currency focus
Correlation breakdown tells a cautionary tale
John Hardy, chief currency strategist at Saxo Bank in London, discusses his views on the currency markets, sounding a note of caution about the risk rally seen since the start of the year
Volatile times for the Thai baht
BANGKOK - Political uncertainty in Thailand and likely further rate hikes will lead to short-term volatility in the Thai baht, say market participants.
Keeping it real
BRASILIA – The Brazilian real (BRL) was one of the strongest currencies of 2005, and political din surrounding the October elections is expected to lead to further strength in the unit, say market observers.
Canadian dollar hits new heights
OTTAWA – Almost four years after it hit an all-time low, the Canadian dollar (loonie) is riding on the crest of a wave after reaching its highest level in years.
Turkish lira joining mainstream
ANKARA – Just a few years ago the Turkish Lira (TRY) was seen as a unit on the risky side of the emerging market spectrum, but the market is now taking it seriously.
Slovakia hits the euro road
Slovakia looks set to be the next country to join the euro, but political uncertainty caused by forthcoming elections means there are still likely to be opportunities for those seeking to trade the koruna
Chaos and depreciation as Zimbabweforex trading system introduced
HARARE – The introduction of a more liberal and transparent forex market in Zimbabwe saw a three-fold drop in the value of the country’s currency and suspension of trading.
Mexican Peso: Activity in Mexican peso set to soar
MEXICO CITY – There is likely to be a surge in Mexican peso trading in the build-up to next year’s election, according to market participants.
Rouble set to surge as restrictions relaxed
MOSCOW – Russia is likely to see a surge in rouble trading as restrictions are relaxed, according to market players.