IMF Approves Reserve-Currency Status for China’s Yuan – Bloomberg The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan.
Euro Area’s Modest Recovery ‘Sets Scene’ for Draghi Stimulus – Bloomberg Factory growth in the euro area accelerated last month, extending a tepid recovery that may require more stimulus from the European Central Bank.
Japan Pension Fund Hedges Against Currency Moves – Wall Street Journal (subscription) Japan’s public pension fund, GPIF, has started to hedge against fluctuations in the euro.
How the FX Markets Are Shaping the Future of Trading – TABBForum Foreign exchange—an asset class traded at every time of day and with more markets and exchanges handling trades than any other financial instrument—is the rough frontier of the trading world.
UBS Traders May Be First to Face Sanctions in Currency Probes – Bloomberg As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks.