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Global Code of Conduct Gets First Airing The BIS FX Working Group has circulated to the various foreign exchange committees a first draft of the impending global code of conduct for comment and feedback. The draft covers certain aspects of the FXWG’s brief and does not ...
FXPA Unveils New Officers, Board Members The Foreign Exchange Professionals Association (FXPA) has announced the election of Chip Lowry, senior managing director of State Street Global Markets, as its new chair, with Jill Sigelbaum, EVP and global head of foreign exchange at Traiana, as vice chair. ...
Was BoJ Decision Leaked?

06:49 January 29th 2016 in News, Around the World

Was BoJ Decision Leaked?

Asian market were thrown into chaos today as Nikkei News reported the Bank of Japan was considering negative interest rates, apparently in the midst of the central bank’s meeting. According to Profit & Loss sources, the report from Nikkei came 15 ...
Take a Look at CNY Proxies Says BAML With the renmibi (RMB), both offshore (CNH) and onshore (CNY), already hitting fresh highs against the US Dollar in early 2016 trade, investors may be a touch reticent to follow the move further, especially with the CNH/CNY basis spread at ...
Greenwich: Top 10 Market Structure Trends for 2016 Greenwich Associates has released a report on “Top 10 Market Structure Trends” to watch in 2016. “As we enter 2016, US markets will be focused on moving forward with the current market structure, whereas Europeans are bracing for and adapting to new rules,” ...
Riksbank Hints at Intervention A statement by Riksbank governor Stefan Ingves has raised expectations that the Swedish central bank will step into the market to curb krona strength. Noting that since the central bank’s last monetary policy meeting in mid-December, the Swedish krona ...
China to Impose New FX Monitoring Programme China’s State Administration for Foreign Exchange (SAFE) says it will reform its monitoring process for individual foreign exchange transactions from January 1, 2016. At a media conference in Beijing, Du Peng, director of the Current Account Management Department at SAFE, told ...
China to Double Onshore Trading Hours China has extended the trading hours for the onshore yuan to enable the local market to overlap with European and US markets - a move seeking to "accelerate the development and boost the opening up of the foreign exchange market". ...
IMF Expected to Confirm RMB Entry to SDR The board of the International Monetary Fund (IMF) is expected to formally ratify the Chinese renminbi’s inclusion in its Special Drawing Rights (SDR) basket. The decision, which was signaled earlier this month by IMF chair Christine Lagarde, will see ...
PBoC, ECB test Swap Arrangement; PBoc Unveils Offshore Parties to FX Market The People’s Bank of China and the European Central Bank have successfully completed tests of their existing bilateral currency swap arrangement. From a Eurosystem perspective, the ECB says the arrangement serves as a backstop facility to address sudden and ...