Federal Reserve
Trade wars to stay for decades, say panellists
The conflict is a struggle for dominance between the US and China, say economists at the 14th annual FX Week Asia event
China’s FX reserves unexpectedly rose in July
Total reserves stockpile increases by $5.82 billion as the central bank stays on the sidelines
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
Central bank digital currency a ‘terrible idea’, US Congress told
Move to central bank cryptocurrency would make Fed “overwhelming credit allocator” – researcher
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
Global slowdown is a growing worry, says CMC Markets
Signs of softening growth are accumulating, while trade tensions drag business confidence down further
CIBC remains bearish on dollar for medium term
Canadian bank’s currency strategist reckons the issue of twin deficits will thwart the greenback’s march
New York Fed commits to FX Global Code
It promises to conduct its currency business in a manner consistent with the set of principles
EM structural strength in focus as dollar rallies, CIBC
But dollar gains could soon lose steam
FX Week to host Code webinar with new GFXC chair and vice-chair June 28
The GFXC meets in Johannesburg to elect a new chair and vice-chair as well as to outline priorities on June 27
Dollar’s rise and flagging risk sentiment dampen EM - SEB
Reduced risk appetite is currently affecting the EM currencies, but strong economic growth could help them to recover in the second half of the year
EU central banks complete FX Code adoption
Seven additional members of ESCB sign statements of commitment to principles on May 14
Greenback to ease again after recent lift – CBA
But both the euro and sterling are set for appreciation due to policy tightening and dollar weakness
Ficc veteran Jeffery joins Mosaic as chairman
Jack Jeffery becomes chairman of data analytics company with over 35 years of experience in the financial markets
Dollar rebound on cards, but no respite long term – ABN Amro
The greenback's prospects remain negative in the long run, but sterling may have a positive 2019
CIBC is bearish on greenback for remainder of 2018
The firm says the dollar is overvalued, and facing a convergence of growth and monetary policy
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
John Williams named president of New York Fed
Candidate proved contentious on diversity grounds, but brings deep macroeconomic experience
Sterling’s prospects on the up, says Saxo Bank
The positive outcome from the latest round of Brexit negotiations and the BoE's hawkish bias should support the pound
Salmon exits GFXC and BoE for private-sector opportunity
Federal Reserve Bank of New York’s Simon Potter will act as interim chair with immediate effect
Trade discussions hinder dollar performance – CIBC
Friction over trade tariffs and tightening of QE will be the challenges for G10 in the months ahead
Fed’s Powell expects strong US growth
Robust labour market likely to support income and consumer spending rises, Fed chair says
EM strength to continue for now, says Swissquote
The region will continue to improve over the next six months, says Peter Rosenstreich at Swissquote
Peter Little to fight proposed Fed ban at trial
Lawyers for the ex-trader, who is looking at a potentially permanent ban from markets, say he is innocent and will be vindicated