China Sets Its Sights on Joining the IMF’s Special Currency Club – Wall St Journal
Groucho Marx once famously said he didn’t want to belong to any club that would accept him as a member. China clearly holds a different view.
Ruble Whipsaws Top Forecasters Worst Currency Becomes Best – Bloomberg
For one of the toughest jobs in financial markets, try predicting the ruble. As Russia’s currency went from the world’s worst performer to the best in the first three months of this year, it caught out even the most accurate forecasters. Oil’s drop to near a six-year low and cuts in interest rates, previous indicators of a weakening ruble, were swept aside as the cease-fire in Ukraine became the bigger determinant.
Dollar Sputters After Surge – Wall St Journal
The dollar’s record rally, which rattled everything from the oil market to U.S. corporate earnings, is running out of gas.
Big Investor Involvement Could Boost Bitcoin – Wall St Journal
Some of the U.S.’s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving a potential boost to the fledgling virtual-currency industry.
Once Over $12 Trillion, the World’s Reserves Are Now Shrinking – Bloomberg
The decade-long surge in foreign-currency reserves held by the world’s central banks is coming to an end.
Ringgit Leads Asian Currency Gains as U.S. Data Temper Fed Bets – Bloomberg
Malaysia’s ringgit rose, leading gains in Asia, after weak U.S. jobs data supported the case for the Federal Reserve to hold off from raising interest rates.
Citi Reviews Performance of Hedge Funds in February – DailyAlts
Citi has released its Hedge Fund Industry Snapshot for March 2015, reviewing the performance, assets under management and other trends of hedge funds in February.