Federal Reserve
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, US central bank says
Westpac: sterling weakness continues as Brexit deal unlikely
Australian bank maintains long-held bearish outlook on pound
US senator calls for hearings on Fed’s role in 2020 elections
Republican accuses former NY Fed chair Dudley of trying “sabotage” Trump’s trade talks
Turkey increases reserve requirements on FX deposits
Authorities aim to discourage citizens from transferring assets into other currencies, weakening the lira
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
City Index: yuan to hit seven within a month
China’s yuan has not seen such levels for more than a decade, but trade war with US induces flirtation
Fed cuts rates and halts balance sheet reduction
Decision sees hawkish dissents from Kansas and Boston Fed presidents Esther George and Eric Rosengren
US regulators applying outdated laws to crypto, hearing told
Congress also urged to open up Fed payment system if it wants to reach the unbanked
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
St Louis Fed warns of rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility
Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength
Identity crisis for Facebook’s Libra under lawmakers’ grilling
Washington wrestles with ‘regulating the heck’ out of Libra without stifling innovation
Trump lashes out at Libra
US president says Facebook’s system will need a banking licence if it wants to be a bank
Hibor may drop, but rates volatility will stay
Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility
City Index: US and China truce, global outlook weighs on Fed
Greenback may be bolstered in short term, but range trading expected over medium term
Rabobank: US and China heading for Cold War
Fed cuts will not be enough to sustain EM currencies while capital outflows continue as tensions persist
Rabobank: dollar and yen to strengthen due to safe-haven flows
Relatively attractive interest rate differential between dollar and other G10 currencies boosts appeal
Simon Potter exits New York Fed
Ray Testa will step in to lead the markets group while a successor is found
Inertia warning if uncleared margin rules delayed
Final phase of rules set to sweep hundreds of buy-side firms into scope in September 2020
GFXC seeks deeper understanding of anonymous platforms
Committee elects Guy Debelle as new chair to replace Potter
Euro to languish as Germany's economy struggles – CMC Markets
Pan-European currency to maintain its slide even as Fed hits pause
HKMA interventions may help open new USD/HKD carry trades
Repeated defences of peg should keep HK dollar weak; it could be used to buy assets in currencies other than US dollar
US agencies move to protect swaps after week of Brexit chaos
Fed gives legacy swaps a margin break to help fend off risk of contractual limbo
Powell hints at $1trn goal for Fed balance sheet
Proposed reserves buffer is more than enough, Charles Goodhart says