ASIC: No Suspicious Activity Ahead of RBA Decisions, Investigation Continues – Profit & Loss (free story)
The Australian Securities and Investment Commission (ASIC) says it believes that fluctuations in the Australian dollar ahead of the Reserve Bank of Australia’s monetary policy announcements in February, March and April are the result of “normal market operations in an environment of lower liquidity”.
FX OTC Derivatives Increase in 2H14, While Total OTC Markets Decline – Profit & Loss (free story)
Foreign exchange OTC derivatives contracts have increased slightly in the second half of 2014, according to Bank for International Settlements (BIS) statistics, while the total OTC derivatives markets experienced a drop of almost 10%.
IMF to Brighten View of China’s Yuan – Wall St. Journal (tiered subscription)
The International Monetary Fund is close to declaring China’s yuan fairly valued for the first time in more than a decade, a milestone in the country’s efforts to open its economy that would blunt U.S. criticism of Beijing’s currency policy.
Parker FX Index Up 1.5% in March – Profit & Loss (free story)
The Parker FX Index, a performance-based benchmark that measures the returns of global currency managers, reported a gain of 1.5% for the month of March and 3.9% year-to-date.
Bank Competition Latest Symptom of Danish Currency War – Bloomberg
Denmark’s fourth-biggest listed bank says it’s being squeezed out of corporate lending as competitors offer rates that undermine profitability.
Report: Growing Buy Side Adoption of TCA in Fixed Income – Profit & Loss (free story)
Greenwich Associates has released a new report stating that a growing number of institutional investors are adopting transaction cost analysis to assess the effectiveness of their trades in the fixed income market.