Investing in Currencies

Chief executive to retire from 1 April 2024Earnings guidance maintainedNew fund launches planned for 2024 Record’s (REC:65.3p) well-regarded chief executive Leslie Hills is retiring after four years at the helm, ending a 31-year career with the currency manager. However, Hills will be leaving the business in safe hands as her successor, Dr Jan Witte, is chief executive of the group's two regulated subsidiaries: Record Currency Management Limited and EU-based Record Asset Management GmbH.Importantly, the board will continue targeting multiple organic growth initiatives, diversifying the product mix into higher-margin scalable products and acting...

NEW YORK - The euro saw a slight uptick against the today, with the trading pair reaching 1.0883 amid a mix of economic indicators from both regions. The Eurozone's current account results exceeded expectations, which provided some support to the single currency, while the US dollar struggled to gain ground following a set of weaker-than-anticipated economic reports.Earlier today, the EUR/USD pair traded close to a stable level of approximately 1.0850. The subdued demand for the US dollar followed reports of an increase in US jobless claims to around 231,000 and...