Chris Walker , a foreign-exchange strategist at UBS AG in London, comments on the prospects of the U.S. lifting interest rates. Walker spoke in an interview in London today.
UBS AG, Switzerland’s biggest bank, dismissed currency strategist Chris Walker as part of its plans to cut about 10,000 jobs to revive profit.
The European Central Bank’s plan to shield its Greek bond holdings from a restructuring may hurt private investors while paving the way for debt insurance contracts to be triggered.
The franc strengthened against the euro as investors pared expectations that the Swiss National Bank will adjust its cap to further weaken the currency.
Terry Duddy has described the U.K. retail market as “challenging” in every results statement since he led the separation of Home Retail Group Plc from former parent GUS Plc in 2006.
Carry trades funded in the yen and Swiss franc are becoming profitable as borrowing costs rise in Europe and Canada, according to UBS AG.
Canada’s dollar weakened for a third day as concern European’s debt crisis will weigh on global growth drove investors to the safety of its U.S. counterpart before a report forecast to show the nation added jobs.
Not since before the global financial crisis have Europe’s banks been able to obtain dollars as cheaply as they can now, a development that may puncture the euro’s surprising strength.
"Since the basis swap has now normalized, it signals the deleveraging that has been the key to the euro's strength may have largely run its course."
- Chris Walker on Feb 23, 2014