Euro
Euro exit testing intensifies
Banks and FX market infrastructures are stepping up their efforts to prepare for a possible redenomination of eurozone currencies if Greece is forced to leave the currency union, but some investors would like to see new contracts to protect them from…
Canadian banks remain bullish, despite CAD weakness
While the Canadian dollar weakened significantly during May, banks believe there is still strong demand for the currency
Lloyds spot-on with Swissie weakness bet
Lloyds lands itself at the top of the one-month forecast rankings after its accurate prediction of Swiss franc weakening during May
Wealthy Greeks turn to offshore securities to escape redenomination risk
The massive drop in deposits held in domestic banks in Greece is partly attributable to transfers of savings into overseas accounts or securities to mitigate fears of a Greek eurozone exit and a return to the drachma
Scotiabank on the mark with bearish euro call
The Canadian bank accurately predicted in late February that the euro would fall, landing it on top of the three-month forecast rankings
SEB rises in rankings as Swiss franc falls
SEB accurately forecast that Swiss franc would weaken against the dollar in its mid-April forecasts, putting the Swedish bank at the top of the one-month rankings
Greece will stay in the eurozone, says Deutsche’s FX strategy head
Alan Ruskin explains why a Greek exit is less likely than some have suggested, with several factors supporting the country’s future in the eurozone
VIDEO: Euro outlook amid Greek exit fears
John Hardy, global head of FX strategy at Saxo Bank in London, looks at the implications of a Greek exit from the euro.
Forex markets absorb political chaos in Europe
Participants reacted relatively calmly to political developments in Europe last week, and the absence of credible alternative currencies prevented a major sell-off
Corporate treasurers plan for euro break-up
The Association of Corporate Treasurers is advising its members to review their processes and contracts to make sure they are prepared for a euro breakup. Many are taking the association's advice, reports Chiara Albanese
Crédit Agricole wins with steady euro bet
Crédit Agricole accurately forecast a modest dip in EUR/USD and a rise in USD/JPY in its mid-February forecasts, landing it at the top of the three-month rankings
Yen will go from strength to strength, says ANZ
The Australian bank forecast a yen revival last month, landing it at the top of the one-month rankings – and it expects the Japanese currency will continue to gain ground this year
Eurodollar caught in range-bound tug of war
Currency strategists are divided over whether EUR/USD will break out of the 1.30-1.35 range it has traded in since late January
Micex-RTS pushes ruble growth with FX swaps initiative
Participants push the growth of the Russian ruble, but frustrations remain over the slow adoption of real-time gross settlement
CME to launch portfolio margining on interest rate swaps and futures
Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
Eurozone crisis is a 'bomb about to explode', says Neil Record
The founder and chairman of Record Currency Management believes the euro has been mortally wounded and will struggle to survive in its current form
Spotlight on: Neil Record, Record Currency Management
The founder and chair of Record Currency Management talks to Robert Mackenzie Smith about the growth of the firm over the past three decades, as well as the challenges posed by the financial crisis and his shortlisted entry for the Wolfson Economics Prize
Why the Q1 risk rally was a glass half empty
Following a risk rally in foreign exchange markets during the first quarter, several of the positive drivers of that rally have now dissipated. Looking ahead to the rest of the year, Callum Henderson explains why investors should continue to short…
Danske wins with range-bound euro forecast
The Danish bank accurately forecast on March 23 that EUR/USD would remain at 1.32 in a month’s time – a view that proved entirely accurate
FX Invest North America: Eurozone crisis resolution still unclear
Panellists at FX Invest North America divided on whether the eurozone crisis will lead to the exit of Greece from the currency union
Spotlight on: Raymond Kamrath, Faros Trading
Faros Trading has made a number of senior appointments to its sales team in recent months as it eyes global expansion from its headquarters in Stamford, Connecticut. Chief executive Raymond Kamrath talks to Chiara Albanese about the growth of the firm…
Reserve managers cling to the dollar but shun the euro, survey finds
Many central banks have reduced their holdings of euro reserves and looked to diversify into non-traditional currencies as a result of the ongoing eurozone crisis
HSBC on top with slow-burn forecast on yen weakness
Strategists at HSBC took the view in early January that the yen would weaken, but less acutely than some anticipated, landing the bank at the top of the three-month forecast rankings
Spotlight on: John Taylor, FX Concepts
The founder and chief executive of FX Concepts talks to Melanie White about the growth and diversification of the currency management firm over the past three decades, and his current views on major currencies