Global financial leaders likely will reiterate previous currency policy commitments, a senior U.S. Treasury official signaled Monday, despite concerns that lackluster growth around the world may tempt some countries to use devalued currencies to juice exports.
Hong Kong Exchange to Offer Yuan Currency Futures, Gold Contract – Bloomberg
Hong Kong Exchanges & Clearing Ltd. will introduce yuan-related currency futures as the bourse aims to deepen links with China.
A UK exit from the European Union would be negative for the British economy and its standing among investors, according to Fitch Ratings and Moody’s Investors Service.
Eat your heart out Mario Draghi, or Haruhiko Kuroda for that matter. If you really want to weaken your currency, puny monetary policy is no match for the punch of a plummy-voiced, crazily coifed, media-darling career politician. Take a bow, Alexander Boris de Pfeffel Johnson.
Despite recent stability in Chinese renminbi, concerns over the outlook for the currency persist across financial markets.
The woman with the difficult task of running Russia’s central bank has been talking about risk. Governor Elvira Nabiullina was speaking specifically about the risk of loans taken out not in roubles, but in dollars or euros.
J.P. Morgan Chase & Co. is quietly testing technology that underpins the digital currency bitcoin on U.S. dollar transfers between London and Tokyo, part of an effort to boost its spending to deal with emerging threats from Silicon Valley.
The Federal Reserve Bank of New York has reappointed William Dudley and Michael Strine as president and first vice president of the bank, respectively. Eligible members of the Bank’s board of directors voted unanimously to reappoint the two men last week, and the Board of Governors of the Federal Reserve approved that decision.
CFH Clearing is extending the number of white label platforms available to its institutional clients through a partnership with Swiss technology provider Olfa Soft.
LeapRate has learned that Dubai-based FX liquidity and white label solutions provider Fortress Prime has hired Nidal Abdelhadi as its new Senior Executive Manager, essentially akin to the position of CEO.
The turbulence we have seen in global sharemarkets so far in 2016 is infecting foreign currency markets now, with analysts warning the large moves are probably a result of the powerful and conflicting currents that are at work.
RMG Wealth Management CIO Stewart Richardson looks at the markets with “On the Move” host Guy Johnson. Richardson also looks at the outlook for oil.
The yen gained broadly on Tuesday as risky assets lost traction and revived demand for the safe-haven currency, while the sterling and euro were shaky after suffering hefty losses on uncertainty over Britain’s membership in the European Union.
Global stocks rallied on Monday, backed by a rise in oil and commodity prices, while the British pound suffered its biggest one-day loss in nearly six years against the dollar on fears Britain would leave the European Union.
Fortex Inc, one of the leading electronic communication network (ECN) trading platforms, and Axiory – a global operated brand with direct market access (DMA), brokerage & asset management services, have teamed up to drive FX industry transformation in a collaborative effort to make FX Trading available on-the-go from any device.