FxPro Group in the Media

Welcome to the FxPro Group in the Media section. Here you will find recent and archived press releases from both online and offline media. Simply click on the article of interest to learn more and access PDF documentation links and much more.

FxPro New Naming Rights Partner for Super Rugby

Rugby.com.au Australian Rugby Union today announced the global foreign exchange broker FxPro as the domestic naming rights partner to Super Rugby for the next four years. FxPro Super Rugby will kick off in 2012 with the last weekend in February launching a new relationship between ARU and a world leader in the foreign exchange industry. View Article By ARU Media Unit Read more

16/11/2011 @ 07:49 GMT

Intervention pulls yen back from record high

Financial Times Simon Smith at FxPro said the decision by the G7 to intervene and weaken the yen was both intelligent and necessary. "The appreciation of the yen against most major currencies over the past week was merely compounding the post-disaster economic and financial misery the country is already experiencing," said Mr Smith. View Article Read more

16/06/2011 @ 06:15 GMT

Sterling falls on warning over triple A rating

Financial Times Simon Smith, chief economist at FxPro, said it was known widely that there was a chance the government might not be able to put into effect its big austerity plans and there was a risk the UK economy would not perform as well as expected. View Article Read more

08/06/2011 @ 09:36 GMT

Euro climbs as Greek debt fears recede

Financial Times Michael Derks, at FxPro, said: “The euro has drawn some comfort from this backdown by Germany. “That said, with Greece in disarray over the implementation of austerity measures and asset sales, there is still no guarantee that the IMF and the EU will agree to a new aid package for the country.” View Article Read more

31/05/2011 @ 08:25 GMT

Overview: Quiet trade with Greek debt concerns

Financial Times “The news out of Greece over the weekend was not reassuring, so there is certainly the potential for further [euro] weakness once markets return to normal tomorrow,” said Simon Smith, chief economist at FXPro. View Article Read more

30/05/2011 @ 08:32 GMT

Overview: Risk assets ride out EU contagion fear

Financial Times Michael Derks, of FxPro, struck a downbeat note, highlighting the dangers for those European banks with large Greek bond exposure. “It is evident that the contagion from Greece’s precarious financial predicament is spreading more widely through Europe,” he said. “Europe’s debt crisis remains a slow-motion car crash. If sovereign wealth funds did not remain so determined to diversify out of dollars, the euro would surely be much lower.” Read more

27/05/2011 @ 08:53 GMT

Swiss franc outshines rival haven currencies

Financial Times Michael Derks, chief strategist at FxPro, says that Swiss manufacturers continue to benefit from strong global demand, with orders and employment recording elevated readings. View Article Read more

27/05/2011 @ 08:22 GMT

U.K. Pound Weakens Against Euro on Bets Economic Recovery Remains Fragile

Bloomberg.com “The gain in consumer confidence is due to the good weather and the euphoria of the Royal Wedding,” said Michael Derks, chief strategist at FxPro Financial Services Ltd. in London. “For the most part, consumer confidence is still very depressed and I expect that to continue to pressure the pound.” View Article Read more

27/05/2011 @ 06:39 GMT

Will Singapore still swing under its new government?

Telegraph.co.uk Michael Derks, chief strategist at FxPro, comments: “It is not surprising that Singapore is the fastest growing economy in Southeast Asia: the whole economy is essentially a conduit for Asian trade. As such if China and the Chinese surrogate economies are doing well, then Singapore will also do well... View Article Read more

26/05/2011 @ 09:21 GMT

Forex focus: a long slog ahead for sterling

Telegraph.co.uk The huge mountain of debt amassed by the PIGS nations is well known. Lenders are losing patience with Greece’s ability or willingness to deliver on its promises to cope with its debts, as Simon Smith of FxPro points out. View Article Read more

25/05/2011 @ 11:04 GMT