Day: November 1, 1999

THE HOLLOW SPECTRE OF CZECH INTERVENTION

By Gene Frieda, 4Cast g.frieda@4cast.net Go With the Flow In the wake of the Czech National Bank’s rate cut and concurrent intervention to halt the rise of the CZK, a number of market participants have talked up tightening monetary conditions as the main driver of these central bank actions. The argument goes that real exchange […]

CIBC Appoints Horrocks New Head of Combined Treasury

Michael Horrocks, who previously headed global FX for CIBC World markets, will take the helm of a new combined treasury unit of the parent bank and the World Markets division from November 1. In his new role, Horrocks reports to Wayne Fox, vice chairman of the parent bank. Horrocks gave up his FX responsibilities at […]