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Codes of Best Market Practice and Shared Global Principles

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Codes of Best Market Practice and Shared Global Principles (press release)
The eight foreign exchange committees in the major financial centres have released a revised “Global Preamble: Codes of Best Market Practice and Shared Global Principles” document, which was approved and endorsed by the eight committees at the annual global foreign exchange committees meeting, held in Tokyo on 23 March, and which updates the original version published in 2013.

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Why Liquidity is Drying Up in the Currency Market

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Why Liquidity is Drying Up in the Currency Market – MarketWatch
As volatility in the foreign exchange market has risen over the past eight months, currency traders are finding that liquidity has become much patchier than it once was. Several factors, including traders’ increasing reliance on algorithmic trading, the extreme lop-sidedness of the market’s positioning, and reluctance by market makers to take the losing side of the trade are sopping up liquidity in the market when it‘s most needed.

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Dollar Drop is Worst Since 2011 as Investors Rethink Fed Policy

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Dollar Drop is Worst Since 2011 as Investors Rethink Fed Policy – Bloomberg
The dollar slumped the most since October 2011 after the Federal Reserve reduced projections for interest rate increases and expressed concern the dollar’s surge is weighing on exports and inflation.

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