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For Fed Chair Janet Yellen the Time is Near – L&G The wait is almost over, or so it seems as financial markets continue to price in the first Fed Fund rate hike since mid-2006 at next week’s FOMC meeting. According to Andrzej Pioch at L&G Multi-Index Funds, “The ...
The SNB is Limited, Waits For The Fed – GAM Last week’s ECB decision, which disappointed many in the market, has helped relieve some of the upward pressure on the Swiss franc and on the Swiss National Bank (SNB) to further ease monetary conditions, according to Joachim Corbach, head ...
USD Closes Flat Following Strong NFP Figures The dollar recovered from a dip after strong US non-farm payroll (NFP) figures were released, closing almost flat for the day. After the NFP showed that the US economy generated 211,000 new jobs in November, meaning that the Federal Reserve Bank ...
EBS BrokerTec: Settlement Solution Key for CNH Growth Implementing an effective settlement mechanism for CNH is likely to be a “tipping point” for increasing trading volumes in this currency, according to senior staff at EBS BrokerTec. EBS BrokerTec’s USD/CNH currency pair has been something of a ...
ECB Triggers Largest Intraday EUR Move in Six Years The monetary policy announcement by the European Central Bank sent EURUSD flying more than 440 points higher, the largest intra-day move in the pair since March 18, 2009. The ECB cut rates by 10bp, less than the market had been expecting, and during ...
IMF Adds Renminbi to SDR Basket

19:15 November 30th 2015 in News, Market Talk

IMF Adds Renminbi to SDR Basket

Today the International Monetary Fund (IMF) executive board completed its regular five-yearly review of the basket of currencies that makes up the Special Drawing Rights (SDR) basket and decided that the Chinese renminbi (RMB) meets the existing criteria to be ...
Will the Fed Spring a Hawkish Surprise? Following the hawkish October FOMC meeting and November’s near ‘perfect’ employment report, it has almost become a given that the Fed will raise rates in December, with Fed Fund futures assuming a 70-80% probability. Markets of all hues have ...