Russia’s Moscow Exchange Temporarily Suspends Forex Trading – Reuters
Russia’s Moscow Exchange said on Thursday it had temporarily suspended foreign exchange trading.
ECB March Meeting: What the Analysts Are Saying – Financial Times(subscription)
The ECB will announce its latest policy decision at 12.45 GMT. It is expected to provide further detail today on how it plans to buy €1.1 trillion-worth of eurozone assets as part of its landmark quantitative easing programme, announced at its first meeting of the year.
Volumes Drop Across the Board in February – Profit & Loss (free story)
Foreign exchange volumes on reporting venues declined in February from a month earlier and in some cases fell year-on-year.
Why Are People Still Behaving Badly? – Profit & Loss (subscription)
Without in any way pre-empting an investigation and without in any way accusing unknown people of insider trading, I do have to wonder if the message on compliance and conduct is getting through?
Central Banks, US Jobs Data Keeps FX Traders On Edge – Forbes
With the US dollar peaking at 11-year highs versus a basket of currencies on Wednesday, and ahead of several major central bank rate announcements, investors would be wise to remain vigilant in a currency war that’s being redefined by new monetary policy extremes.
Euro Weakens to 11-Year Low Before ECB Decision as Kiwi Slides –Bloomberg
The euro weakened to an 11-year low against the dollar as traders waited for the European Central Bank to announce details of its debt-purchase programme.
Turkish Lira Hits Another Low Against Dollar – Wall Street Journal(subscription)
Turkey’s lira slumped to yet another record low against the dollar on Wednesday, as political pressure on the central bank exacerbated a broader emerging market selloff amid concern that policy makers will prematurely cut interest rates.
Swiss Government Has Not Asked for New Currency Cap – Reuters
The Swiss government has not asked its central bank to introduce a new cap on the value of the Swiss franc, a spokesman for the government said on Wednesday, after a Swiss newspaper reported that two ministers had suggested such a move.
Tullett Prebon Sheds 166 Brokers in Cost-Cutting Exercise – Profit & Loss(free story)
Tullett Prebon made 217 employees redundant in 2014, including 166 brokers and 51 support staff, according to its annual report. The inter-dealer broker attributed the headcount reduction to a challenging market environment and shrinking profits.
Join FXPA at FIA Boca
Attending FIA Boca next week? Please join the membership of the Foreign Exchange Professionals Association (FXPA) for a Meet & Greet session at the FIA Boca conference. Representatives from the FXPA will be in the Lounge Area adjacent to Bar Luna from 5:30-6:30 on Tuesday, 10 March. Please rsvp firstname.lastname@example.org