Credit Suisse cut positions on the euro because of the lack of transparency - 9 October 2015 - free no deposit forex bonus
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Main » 2015 » October » 9 » Credit Suisse cut positions on the euro because of the lack of transparency
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Credit Suisse cut positions on the euro because of the lack of transparency
 
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Credit Suisse cut euro positions in a non-transparent, nizkovolatilnogo world.

 

 

Credit Suisse Group is moving "small position" in order to profit from a fall in the euro against the dollar, as it reduces the investment, which are vulnerable to sudden changes in currency levels, said Robert Parker, Senior Advisor in the investment, analytical and research group.

The second largest Swiss bank avoids big bets in the currency market, because the volatility among major currencies has been low, Parker said in a telephone interview from London. The euro traded EUR / USD in the range of $ 1.08 to $ 1.17, since mid-May, after recovering from a 12-year low of $ 1.0458, reached on 16 March 2014, the common currency fluctuated between $ 1.3993 and $ 1.2097.

"You reduce the risk, when a prospect is not transparent, or there is an expectation that the movement is very small," - said Parker, who was vice-chairman of the asset management business of the bank. - "But in terms of trade, have a small long position on the dollar makes sense."

The forecast for global fluctuations in exchange rates, as measured by JPMorgan Chase & Co., an average of 10.2% this year, down from 11.9% in 2011 during the European debt crisis, and by 13.4% in relation to 2008, the global financial crisis. 

According to the materials WELTRADE

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