Yen Stalls in Time to Avoid Intervention, Ex-Currency Boss Says – Bloomberg
The yen’s strongest gain since 2008 has petered out in time to forestall any intervention, according to Takatoshi Kato, a former top currency official at the Ministry of Finance.
Yuan Rises Most in Three Weeks as Leaders Seen Signalling Support – Bloomberg
The yuan surged the most in almost three weeks as China’s leaders signaled support for the currency before their biggest gathering of the year begins tomorrow.
Rand’s Wild Ride Shows Cost of Being a Currency Everyone Trades – Bloomberg
It took just a hint of strife at South Africa’s National Treasury to send the rand tumbling 3.5 percent in a day — and one statement from the president’s office to bring it right back again three days later.
Poll: Market Intervention, Politics Cloud Outlook on Latin America FX – Reuters
Latin American currencies are likely to remain volatile after a surprising recovery last month, with Brazil’s political crisis still hurting the real and the Mexican peso clouded by signs of economic deterioration, a Reuters poll showed on Thursday.
‘Is Currency Devaluation Overrated?’ – Seeking Alpha
There’s a long history of skepticism regarding the effectiveness of currency depreciation as a means of spurring net exports and GDP growth.
Fed and the Markets: Breaking Up to Making Up on Rate Outlook – Bloomberg
A once-yawning chasm between market expectations and U.S. Federal Reserve projections for the pace of interest rate increases this year is about to narrow.
Northern Exposure: Loonie’s Fall Is Freezing Up Business at Border – Wall Street Journal
When Edaleen Dairy opened the first of three new outlets in Washington state, the Canadian dollar was worth about the same as the U.S. dollar and shoppers were flowing across the border from British Columbia.
Regulator Charges ANZ Over BBSW Fixing – Profit & Loss
The Australian Securities and Investment Commission (ASIC) has begun legal proceedings against ANZ for “for unconscionable conduct and market manipulation” surrounding its involvement in the local rate setting process the Bank Bill Swap (BBSW) reference rate fixing.
White House Nominates Two for CFTC – Profit & Loss
President Barack Obama has nominated Dr Chris Brummer and Brian Quintenz as commissioners at the US Commodity Futures Trading Commission.
ISDA Publishes Australian Clearing Classification Letter
The International Swaps and Derivatives Association, Inc. (ISDA) has published a new classification letter that will enable counterparties to notify each other of their status for clearing requirements under Australia’s mandatory central clearing regime for over-the-counter derivatives.
Wells Departs LCH as it Prepares to Merge ForexClear and SwapClear? – Profit & Loss
Market sources are indicating that Gavin Wells has left his position as global head of ForexClear at LCH Clearnet as the firm prepares to roll ForexClear into its SwapClear business.
Goldman Sachs to Cut More Than 5% of Fixed-Income Workers – Bloomberg
Goldman Sachs Group Inc. plans to eliminate more than 5 percent of traders and salespeople in its fixed-income business, cutting deeper into those operations than an annual companywide cull that has already begun.
R3 Completes Blockchain Fixed Income Trading Trial – Profit & Loss
R3 CEV has completed a trial of five cloud-based emerging blockchain technologies with 40 bank consortium members.
World’s No. 2 Currency Trader Sees Dollar Surge as Misery Wanes – Bloomberg
When misery fades, the dollar rallies. That’s the contention of Deutsche Bank.
Why Worst May Not Be Over for Pound: FX Expert – CNBC
For the weakening British pound, the worst may not be over. Derek Halpenny, head of global markets research at Bank of Tokyo-Mitsubishi UFJ, said there’s scope for major drops in the currency as the “Brexit” debate rages on.
SGX Reports Market Statistics for February 2016
Singapore Exchange has released data on securities, derivatives and commodities for last month.
London Stock Exchange Group Preliminary Results for the Year Ended 31 December 2015
The London Stock Exchange has released its preliminary results for last year, and is reporting “continued delivery of successful strategy”.
FX Post-Trade: Ripping Off the Band-Aid, 8 March, Profit & Loss/Markit Webinar
FX Week Australia, 10 March in Sydney, Australia
FIA: Boca 2016, 15-18 March in Boca Raton, FL
FOW: Derivatives World, 12-13 April in Hong Kong
FX Week FX Invest North America, 12 April in Boston, MA
Profit & Loss Forex Network London, 14 April in London, UK
Profit & Loss Latin America, 20 April in Mexico City
ACI World Congress 2016 – Indonesia, 26-30 April, Jakarta
Eurofinance: Asia Treasury, 18-20 May in Singapore
Profit & Loss Forex Network New York, 26 May, New York City
FIA: IDX 2016, 7-8 June in London, England
Profit & Loss Scandinavia, TBD September, Copenhagen
Profit & Loss Forex Network Chicago, 28-29 September, Chicago, IL
Sibos 2016, 26-29 September in Geneva, Switzerland
FIA: Expo, 18-20 October in Chicago, IL