Press Room

Monex Canada’s base case assumption of a weaker dollar by year-end 2020 resulted in strong rankings in major G10 currencies over the year-long horizon. With 2020 proving a volatile year for financial markets, we are especially proud of these results, and continue to predict a weaker dollar as the global economic recovery continues.

Monex Canada ranked 4th in Bloomberg’s G10 rankings out of 52 eligible forecasters in Q4 2020. Notable performances came in EURCHF and AUDUSD forecasts where Monex Canada ranked 2nd and 8th accordingly.

In response to the risks posed by Brexit, global FX specialist Monex Europe, part of the “Monex SAB de CV” group of companies, opens a new office in Luxembourg. The presence in Luxembourg will enable Monex to continue to provide foreign exchange and international payment services to customers based in Europe.

Monex Europe topped Bloomberg’s FXF rankings for USDCHF, and came second in AUDUSD after ranking first for the previous three consecutive quarters.

Employees at Monex Europe will be carrying out the 10k race on Wednesday 12th June in Victoria Park. The Monex Movers have chosen to support two charities: Cancer Research UK and St Luke’s Hospice.

Monex Europe, the leading specialist in commercial foreign exchange, continues to expand its operations team with the appointment of Olivia Álvarez Méndez as FX Market Analyst in Madrid, Spain.

A team of Monex Europe employees took on the Vertical Rush challenge at to help raise money for the charity Shelter. The Monex Europe team raised an outstanding £3530.

This week Monex Europe have ranked near the top for best emerging markets forecasters, 2nd in the 1-month and 4th in the 3-month horizon.

Monex Europe ranked last week as the best emerging market currency forecasters in the one-month FX Week rankings, again beating some of the main global banks and financial institutions.