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Weekly Foreign Exchange Insights
Investors typically approach the final calendar week with a forward-looking mind-set, opening positions consistent with how currencies are expected to perform in the coming year. Such a strategy would work if practiced by only a minority but often backfires when everybody does it. The week between Christmas and yearend is…
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Dollar bears could be surprised on the upside
There is a growing consensus in the foreign exchange markets that the dollar’s rally is over and that we are heading for a resumption of dollar weakness. But hold on before you place your bets.
It seems pretty clear that what drove the dollar recovery was the stock market sell-offs of this autumn. Investors sold in [...]
Hong Kong relaunches gold futures
Hong Kong (Platts)–20Oct2008
Gold futures in Hong Kong relaunched trading on Monday on the back of an increased interest on gold, the Hong Kong Exchange and Clearing (HKEx) said in a statement on Monday.
Gold futures were first introduced to the Hong Kong Futures Exchange in 1980 but trading of the product was suspended in 1998. Gold [...]
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