Corporate foreign exchange news

Forex risk management weighs on high-yielders

Wednesday, 03 February 2010 09:14:20 GMT

Published by Jamie Jemmeson
High-yield currencies have moved lower this morning as foreign exchange traders examine a calendar that may provide a few unwelcome surprises.
Speaking to Reuters, foreign exchange market analysts said that there had been a slight uptick in the Australian dollar and other growth currencies at the beginning of the Asian trading session this morning (February 3rd).
However, these were soon expunged as traders anticipated an imminent statement from the European Central Bank discussing the state of Greece's debt management capacity.
The statement is likely to offer a reminder of the fragility of the process and offer momentum for lower risk, low-yield currencies such as the US dollar and the yen
Commenting on the global conditions guiding forex risk management strategies, Tomohiro Nishida, treasury department manager at Chuo Mitsui Trust and Banking, declared: "The market still lacks clear direction as there are uncertainties about the U.S. banking regulation plan, Greece's fiscal problems and potential China tightening."
For more information on foreign exchange treasury services and risk management, visit our Corporate FX siteADNFCR-2522-ID-19594013-ADNFCR
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