The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Dazed and confused

The FX market must always have a bogeyman. Once upon a time it was ‘the Russian’, later it was Negara. This week, I got a call from a mate who is a fixed-income futures broker, saying that bonds had caught a bid because a UK hedge fund was puking out of its long sterling/yen positions and was about to go bust.

                                                                                                       More on FXCM
Second life or get a life?

“Another day, another dollar,” is what they used to say, supposedly implying that every day is different in the wonderful world of FX. My experience was that many days were identical. Events this week have left me a little dazed and confused, but one thing I noticed sitting on my perch as an outsider is that sometimes things are still remarkably similar.

The FX market must always have a bogeyman – someone who can be blamed for every sudden move up or down. Once upon a time it was ‘the Russian’, later it was Negara.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree