Rates volatility buoys hopes for currency forwards desks

Going forwards (checking backwards)

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Currency forwards desks have had a quiet time of it since central banks cut interest rates to historic lows, but with rates volatility expected to increase – and the more distant prospect of central bank hikes – trading activity could be reinvigorated. The problem for banks that want to increase their staff in anticipation is that some candidates are now tainted by the Libor scandal. “Every time we see a candidate, the first thing we want to know is whether he or she has any