Top Headlines
China Central Bank Head Says Opposes Competitive Currency Depreciation –Reuters
China opposes competitive currency depreciation and there should be increased global coordination on foreign exchange policies, central bank governor Zhou Xiaochuan said on Thursday.
Why It’s Too Early to Declare An End to The Currency Wars – MarketWatch
There may be a “lull” under way in the currency wars that have seen the world’s central banks taking action to weaken their currencies in a bid to gain an advantage against their global trading counterparts.
NY Fed-FX Swaps With Foreign Central Banks Total $53 Million in Latest Week – Reuters
The Federal Reserve provided $53 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.
Tullett Prebon says Shareholders Approve ICAP Deal – Reuters
Tullett Prebon shareholders have approved at EGM, by way of poll, both resolutions set out in part XXV of prospectus.
Clipped: The Downside of Funds That “Hedge” Currencies – The Salt Lake Tribune
Investors scrambled last year to get into a new breed of exchange-traded funds, ones that own foreign stocks and use complicated trading strategies to insulate investors from the swings created by changing currency values. But a year after this new style of ETFs drew billions of dollars and become one of the hottest trends in investing, some investors are now leaving after seeing the strategy’s downside — and locking in losses.
Dutch Central Bank to Create Prototype Blockchain-Based Currency –CoinDesk
The Dutch central bank has committed to developing an internal blockchain prototype dubbed “DNBCoin”, according to a recent publication. |