Monetary Fund (IMF) has reportedly told Chinese representatives that the yuan
is likely to join the fund’s Special Drawing Rights (SDR) basket of reserve
IMF staff are due to
submit a report reviewing the SDR ...
A new currency for
Australia and NFA bans broker…
Online Petition Seeks to Rename Australian
An online petition to
change the name of the Australian dollar to “dollarydoo” is gaining steam, with
upwards of 60,000 signatures endorsing it.
The petition ...
Bank of England
Governor Mark Carney’s speech regarding the economic consequences of the UK’s position
within the European Union largely sidestepped the larger debate about the UK’s
future in the EU.
outlining the findings of ...
The US Treasury
department has softened its tone with regards to China’s currency policy in its
latest semi annual report on currencies.
Whereas in its previous
report earlier this year the Treasury had said that the RMB is “significantly
The Foreign Exchange Review Committee
(FERC) investigation into FX market behaviour in South Africa has found no
evidence of malpractice or serious misconduct.
However, the Committee, which announced its
findings on Monday, did note that some cases were reported of ...
In a speech to the Brighton and Hove
Chamber of Commerce last week, external Monetary Policy Committee (MPC) member
Professor Kristin Forbes said that while “the risks and uncertainties in the
global economy have increased”, the current level of pessimism ...
Confidence in the
Swedish krona is rising, according to the latest SEB survey of 150 Swedish
corporates, financial instructions and foreign macro hedge funds.
“Our survey of leading
SEK trading companies and institutions has revealed an increasing confidence in
the krona, ...
Singapore and China have
agreed on new initiatives to further promote the international use of the renminbi
(RMB) through Singapore.
The agreement was
reached at the 12th Joint Council for Bilateral Cooperation (JCBC), co-chaired
by Singapore Deputy Prime Minister and ...
wisdom that the US dollar is a safe haven currency is wrong, according to
research from Alessio de Longis, vice president and portfolio manager at OppenheimerFunds.
In a presentation
delivered at the Trading Show in New York last ...
Trading in Russian
financial markets is an increasingly attractive prospect for high frequency
trading or electronic market making firms, according to Douglas Cifu, CEO of
Speaking at the Moscow
Exchange Forum in New York last week, Cifu cited ...