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 ...
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.
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
According to Profit & Loss sources, the report
from Nikkei came 15 ...
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 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
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’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 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".
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 ...
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 ...