Opinion

The leveraged reverse knock-in forward

With the recent strengthening of the Canadian dollar against the US dollar, a Canadian exporter with US receivables would be wise to consider a reverse knock-in forward, says Richard Stang, vice-president in FX sales at TD Securities in Toronto

Falling dollar, limited external adjustment

Issues surrounding capital flows and surpluses could lead to some countries reconsidering their currency pegs, says Steven Englander (right), chief currency strategist, Americas, at Barclays Capital in New York

Cycles, structures and the dollar

It is difficult to ascertain what drives the capital markets at any one time. Market participants often seem to confuse cyclical and structural factors, and this is especially true of the dollar now, says Marc Chandler, chief currency strategist at HSBC…

Riding with the euro

A European client buying US dollars should consider a three-year swap to use the current euro strength to their advantage, says Pritpal Gill, head of structuring at Lehman Brothers in London

Loonie zooms

Canadian dollar strength is set to continue, say Lauren Germain and David Mozina, of Bank of America’s FX strategy group in New York. And the market is reacting accordingly

A firm view on the rand

Unexpected data revealing South Africa’s current account surplus has led Merrill Lynch to cite a firm view on the rand. Jos Gerson, chief economist for South Africa in Cape Town, explains key factors that must be taken into account in coming to a solution

When stocks rocket

Markets are expecting a post war rally in equities. Jesper Dannesboe, chief FX strategist at Dresdner Kleinwort Wasserstein in London, looks at the implications for FX

Dare to compete

The Canadian dollar has a chance to shine, but will domestic exporters seize the opportunity? asks Craig Larimer (right), managing director, international research group, Banc One Capital Markets in Chicago

The ‘leverage range forward’ approach

A UK company exporting to the US looking to hedge long-term USD receivables may enter a ‘leverage range forward’ strategy to boost the hedge level, says Didier Meyer, FX options structurer and marketer at SG in Paris

The fog of war

What should you do when near-term uncertainties cloud the FX outlook? Concentrate on the medium term and rely on the fundamentals, say Yianos Kontopoulos (right) and Marcel Kasumovich, FX strategists at Merrill Lynch in New York

The outperformance chooser option

Gavin Simms, head of FX strategies at Goldman Sachs in London, summarises an options solution for a euro-denominated corporate client looking to hedge sales in the US and Switzerland

The fog of war

What should you do when near-term uncertainties cloud the FX outlook? Concentrate on the medium term and rely on the fundamentals, say Yianos Kontopoulos (right) and Marcel Kasumovich, FX strategists at Merrill Lynch in New York

Aussie calls offer no worries hedge

Sara Sullivan, senior manager, FX options sales at ANZ Investment Bank in London, summarises an options solution for a corporate client concerned about a reversal of the AUD strength against the USD.

War and the dollar

Near-term dollar direction will now depend on the length and ‘success’ of the war. But those factors are far from certain, says Jake Moore, FX strategist at Barclays Capital in Tokyo.

Sterling caught in the middle

The relationship between sterling/dollar and euro/dollar has broken down since the start of the year, resulting in sterling’s recent under-performance, says Lena Komileva (right), EMEA economist at Prebon Marshall Yamane in London.

After feast comes famine for the dollar

The US dollar may have been feasting on inflowing money in recent years but, says Pete Luxton, global economic adviser at MMS International in London, it is now going hungry

Bloc boosting

Rising commodity prices and high yields have boosted the ‘dollar bloc’ currencies, and the trend is set to continue, says David Mozina, head of G10 FX strategy at Banc of America Securities in New York

Trichet still best bet for ECB job

Jean-Claude Trichet’s trial is not an insurmountable obstacle to his accession to ECB presidency. But while the outcome is uncertain, French officials must come up with a back-up candidate, says Stephen Sandelius, Paris correspondent for Market News…

A focus on partnerships

Vision, transparency and communication are key to FX outsourcing partnerships, says Kiril Alexiev, assistant vice-president in Global FX Strategic Alliances at ABN Amro in Chicago

Digital strike combats Korean hedging worries

A local importer in South Korea with upcoming dollar payables would be wise to consider a digital strike forward as tensions increase in North Korea, says Charlie Brown, head of structuring and solutions for global FX options at Standard Chartered Bank…

Give every DOG its day

The threat of war in Iraq, and the political and financial fallout, has brought dollar weakness. But this narrow focus ignores a more telling relationship across the asset classes -- that of dollar, oil and gold, says Gerald Ashley

Lessons in FX

Rob Carnell, senior international economist at Commonwealth Bank in London, reveals the lessons to be learned from the last 12 months in FX -- but warns that 2002’s peacock could always be this year’s turkey

Ports in a storm

Uncertainties surrounding the euro and the dollar mean investors should look further afield to avoid geopolitical risks, says Craig Larimer, managing director, international research group, Banc One Capital Markets in Chicago

Will white labelling stick?

Citigroup’s new white-label service has prompted interest from other banks. But a number of problems must be overcome before they can launch similar products, says James Kemp, London-based managing director of UK technology firm Stentra

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