Hints and tips:
...Simon Derrick, currency strategist at BNY Mellon, says: “The risk is . . . that the Asian and European sessions are characterised by abrupt and substantial price moves.”...
...Simon Derrick, chief currency strategist at BNY Mellon, tells the FT’s Ralph Atkins how Europe's negative rates have boosted riskier assets and created ever bigger forex waves....
...Mr Derrick adds: “None of us knows what would actually happen if Greece did leave the eurozone but it is not necessarily clear that it would lead to a lower euro.”...
...“Within Europe there is a sense of central banks not being totally in control of the situation,” says Simon Derrick, chief currency strategist at BNY Mellon....
...“My guess is that the ECB will act in the face of a debilitating move significantly north of $1.40,” says Simon Derrick, head of currency strategy at BNY Mellon....
...Simon Derrick, head of currency strategy at BNY Mellon, adds: “If what is happening in emerging markets intensifies, then it will keep upward pressure on the euro and yen – which, bizarrely enough, are safe...
...“It is the only argument that really makes sense and explains why the euro is where it is today,” says Simon Derrick, head of currency strategy at BNY Mellon....
...But as Simon Derrick, chief currency strategist at BNY Mellon, explains to capital markets editor Ralph Atkins it needs to be more than speculative money to really help the eurozone....
...Simon Derrick, head of currency strategy at BNY Mellon, said: “If Japanese investors don’t do as we expect, then it is likely that the speculative community will rush to take their profits.”...
...“The risk is that they will want to take their money off the table,” said Simon Derrick, head of currency strategy at BNY Mellon....
...Mr Derrick says: “When you have seen one country leaving then you have proved it is possible – no matter how small the country.”...
...Additional reporting by Ralph Atkins in Venice...
...Additional reporting by Mike Mackenzie, Ralph Atkins and Stacy-Marie Ishmael...
...Powell’s brother Donovan ran in the 1999 world championship, while the great Bahamian sprinter Derrick Atkins is Powell’s second cousin. But Jamaica embraces Powell....
...The events of the past few days, writes Ralph Atkins in Frankfurt, bear an eerie resemblance to late 2004, when the euro also rose significantly against the dollar, peaking on December 31 at above $1.36...
...said Simon Derrick, head of currency strategy at Bank of New York. After last Thursday's ECB governing council, Mr Trichet referred only to the dangers of ?excessive volatility?....
International Edition