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IMF to Include The Yuan in its SDR Basket? The International 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 currencies soon. IMF staff are due to submit a report reviewing the SDR ...
Around the World

04:43 October 26th 2015 in News, Around the World

Around the World

A new currency for Australia and NFA bans broker… Online Petition Seeks to Rename Australian Currency 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 ...
Carney Sidesteps “Brexit” Debate 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. Instead Carney, outlining the findings of ...
US Softens its Stance on China’s Currency Policy 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 ...
No Widespread Misconduct Found in South African FX Review 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 ...
Not all Doom and Gloom for UK Economy 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 ...
Riksbank “Slowly Losing the SEK Battle” 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, ...
New Agreement Strengthens Singapore’s Push to be RMB Centre 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 ...
Debunking the Dollar Safe Haven Myth The conventional 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 ...
Virtu CEO: Russia an Attractive Market for HFTs 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 Virtu Financial. Speaking at the Moscow Exchange Forum in New York last week, Cifu cited ...