FXPA Introduces New Membership Categories – FXPA The Foreign Exchange Professionals Association is now offering additional institutional categories of membership effective January 1, 2016. The new Associate level categories are designed for smaller buy side and technology firms, as well as regional and private banks.
China Sets Yuan at Four-Year Low in ‘Stress Test’ – Wall Street Journal (subscription) The central bank wants to see to what extent it can let market forces determine currency’s value.
OPEC Provides Economic Stimulus Central Bankers Can’t or Won’t – Bloomberg The world’s central bankers just got a helping hand from the world’s oil ministers.
Currencies of Oil Producers Weaken Further – Wall Street Journal (subscription) Declining oil revenue are straining current-account balances of Canada, Mexico and others.
Quantum Supercomputers Entice Wall Street Vowing Higher Returns – Bloomberg You may soon be able to see every conceivable outcome of a wager, say on interest rates, over many time horizons — thanks to computers that rely on the uncertainty at the root of all matter.