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ANZ Bank HQ in Melbourne, Australia
ANZ’s Group of 10 foreign exchange forwards activity skyrocketed with Pimco in the second quarter this year, with the Australian bank executing several chunky trades that ultimately made it the asset manager’s largest counterparty.
Throughout 2024, the bank averaged $1.9 billion of G10 forwards trades with Pimco. But in Q2, this suddenly jumped to $44.9 billion, according to data collected by FXM’s Counterparty Radar service.
The largest growth came in euro/US dollar trades. ANZ didn’t have a
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