FX Committee Surveys Show Drop in Trading Activity – Profit & Loss Announcing the results of their semi-annual FX volume surveys today, six central bank-affiliated foreign exchange committees reveal overall declines in trading volume during October against April 2015.
China, Japan Near Deal on Historic Economic Talks – Nikkei Japan and China have entered the final stage of talks aimed at creating a forum where both parties can regularly discuss economic and financial issues, a potential milestone for the two nations.
Mario Draghi Takes on Critics of ECB Stimulus in Speech in Germany – Wall Street Journal (subscription) ECB president says that ‘time and again, the critics of our decisions have been proved wrong.’
Hedge Funds Had Worst Year Since 2008 Betting on Commodities – Bloomberg Hedge funds betting on raw materials had the worst performance since the global financial crisis of 2008 as everything went wrong for commodities.
Africa Currency Crises Spark Diverging Central Bank Action – Bloomberg Africa’s biggest economies are taking opposite approaches on monetary policy as they struggle to cope with collapsing commodity prices and a slump in investor confidence.
China Can’t Paper Over Yuan-Policy Contradictions – Wall Street Journal (subscription) So long as the economic cycles of the U.S. and China are out of sync, Beijing’s dilemma will remain.
US Treasury May Cut Bond Sales to Boost Supply of Shorter-Term Bills – Wall Street Journal (subscription) Markets expect the U.S. Treasury to reduce the issuance of bonds maturing in a few years to make room for an increase in supply of shorter-term bills.