MUSCAT -- Bank Muscat Treasury & Capital Markets division, as part of its constant endeavour to add value to corporate services, conducted a seminar in Sohar on 'Watching the dollar turn: The end of risk on, risk off' by Peter Kinsella, Senior Foreign Exchange Strategist at Commerzbank in London. The initiative was aimed at equipping clients with the necessary insights to keep abreast with the latest trends in world economy and financial markets.
Kinsella shared insights into the performance of the USD, euro zone crisis, Bank of Japan's approach towards the price movements in JPY and other relevant market trends related to currency movements. The presentation also deliberated at length about the US economy, fiscal cliff and debt ceiling, appropriateness of the QE3, results of austerity efforts in the European Monetary Union countries, Bank of Japan inflation target and room to expand its balance sheet and other important trends in the foreign exchange market.
The seminar was well received with more than 50 corporate clients attending the event. The Q&A session turned out to be the most interesting with questions on price movements of Euro, GBP, JPY, gold & crude oil. The event turned out to be a success with clients appreciating the efforts of the bank to add value to their business. Bank Muscat is the only bank in the Sultanate that offers the full suite of treasury products and services -- whether hedging foreign exchange requirements or managing interest rate risks or eliminating commodity price risks from businesses to offering fixed income investment opportunities across the region and globe. The premier service encompasses East Asian time as well as early New York time zones spanning all international and GCC working days.
© Oman Daily Observer 2013
