FX Trading: Broker Panel
We break down the micro-structure of a market and how liquidity is distributed by liquidity providers and accessed by clients.
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Our Insights
Considering active currency and the potential portfolio benefits
Currency risk is often a secondary consideration when an investor decides to allocate capital overseas. However we believe there are potential benefits of allocating to active currency management.
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Is hedging leading to an alpha opportunity for the yen?
The Japanese yen has been a popular currency to own during over the past few months by virtue of its negative correlation with equities.
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Finding value in passive hedging
The increased level of interest rate volatility in the currency swap market has received considerable attention from market participants.
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The euro as a funding currency
A couple of key trends in capital flows suggest the role of euro funding is growing, and we outline the near-term implications for currency markets.
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Fragile, not overvalued: revisiting the Swiss franc
Despite the Swiss National Bank (SNB) continued to characterise the Swiss franc as highly valued, we suggest that any overvaluation may be illusory.
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Market misconceptions on Scandinavian currencies
Since the start of 2013, consensus forecasts for the Swedish krona and Norwegian krone have been persistently bullish and persistently wrong.
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What would a Conservative government mean for sterling?
With current general election polling consistent with a victory for the Conservative Party, the pound has outperformed over the last few months.
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Currency
Our currency team provides solutions for clients, controlling risk using passive management strategies and generating returns by actively managing global currencies.
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Why the US dollar may not be as overvalued as you think
We believe the US dollar is currently experiencing a rare structural change in valuation level that means it may be far less overvalued than is widely believed.
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Currencies through an ESG lens
We believe a well-designed, tailored approach to using ESG factors for active currency management can be a source of added value for clients over the long term.
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Why is the potential for US currency intervention a topic of interest?
The probability of US unilateral intervention has risen from a tail scenario to one of low-to-moderate probability.
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Will the dollar continue to underperform?
How the dollar trades following the cut in rates, depends to a large extent on whether the rate cuts are mid cycle or recessionary.
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