Shaun Osborne

Managing Director, ​​Chief Currency Strategist

Shaun provides fundamental and technically-driven commentary, research and trading strategies focused on major, emerging market currencies for the Bank and its clients. Shaun has been consistently ranked among the top G10 currency forecasters in the world, including recognition from Thomson/Reuters, Bloomberg and The Technical Analyst magazine awards.

Prior to joining Scotiabank, Shaun was a currency strategist at another Canadian bank in Toronto. He also he worked at MCM CurrencyWatch in the UK and served as a G7 currency analyst and economist for Thomson Financial Network/Tech Data in London and Paris. He wrote regular FX market reports for La Tribune de l’Expansion, a French-language financial daily and he is frequently asked by national and international media to provide insights into market developments. He obtained a Master of Business Administration degree at the City University Business School in London.

Juan Manuel Herrera

Associate Director, ​Currency Strategist

Juan Manuel carries out research and analysis focused on G-10 currencies for the Foreign Exchange Strategy group. Juan Manuel’s background as an economist at Scotiabank with a focus on international trade as well as European and North American economics brings a macroeconomic focus to his analysis of currency markets.

Juan Manuel joined the FX Strategy team in 2019 after working at Scotiabank Economics. He holds a Masters in Financial Economics from the University of Leuven, in Belgium. 

Qi Gao

Currency Strategist, Emerging Markets, Asia

​As the principal currency strategist for Emerging Markets, Asia, Gao is actively involved in client development, by formulating forecasts, trading ideas and hedging strategies. With more than 10 years of experience in Hong Kong, Shanghai, and most recently Singapore, Gao brings profound knowledge of regional FX markets and a deep understanding of the complex factors driving them. He is also well known in the currency markets for his frequent media commentaries and often earns top rankings by Bloomberg.

Gao joined Scotiabank in 2015 after working at RBS and BNP Paribas. He holds a Master of Science degree in Financial Engineering and in Computer Control and Automation from Nanyang Technological University in Singapore. He is also a certified Financial Risk Manager.

Global Foreign Exchange

Market Reports

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America.

Below, find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook.

Market Commentary

Our Team

Shaun Osborne

Managing Director, ​​Chief Currency Strategist

Juan Manuel Herrera

Associate Director, ​Currency Strategist

Qi Gao

​Currency Strategist, Emerging Markets, Asia