Central banks
G-20 needs to arrest currency wars to stop Asian deflation
Callum Henderson, global head of FX research at Standard Chartered calls for leaders to put a stop to currency wars; says SGD is an ideal candidate for funding relative value carry trades in Asia
UK set to issue RMB-denominated sovereign bond
Bank of China, HSBC and Standard Chartered appointed to help in the issuance of the bond, which will help finance the UK's reserves
Bank of Russia sells $1.4 billion to prop up ruble
Central bank intervenes in foreign exchange market to support currency as it continues to slide against the US dollar; commentators split over prospect of rate hike
EUR/USD may hit parity as dollar shows signs of life
Having survived the best part of the year without a particular trend to follow, investment firms are seeing light at the end of the tunnel
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for the Chinese currency in July – latest step in growth of offshore market
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow
Norges Bank poised to complete shift from FX buyer to seller before year's end
Norwegian central bank sends strong signal it will make no foreign exchange purchases this year; analysts predict it to make ‘symbolic shift' to net-seller in Q4
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
Hungary tightens bank FX funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks' use
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
Buy-side firms approach BoE to take more active role on FXJSC
Large buy-side firms keen to take a more active role on FXJSC after allegations dealers manipulated foreign exchange benchmarks
FSB may publish FX benchmark recommendations before November
The FSB's foreign exchange steering group may recommend changes to infrastructure around benchmarks and wider infrastructure sooner than previously thought
USD/CNH spreads tighten by 30 pips in two years
The renminbi is set to internationalise within the next 10 years, as increased liquidity has narrowed spreads significantly, say central bankers
BoE appoints Lord Grabiner to lead FX investigation
The Oversight Committee has appointed Lord Grabiner for investigation into whether BoE was involved in alleged market manipulation
Bank of England informed of fixing concerns in 2006
Chief dealers' sub-group reveals concerns about acitivity surrounding FX benchmarks and the methodology of the 4pm fix
BoE's Carney: liquidity support for CCPs a 'last-resort option'
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms
Rupee sell-off continues, despite repeated RBI efforts
Efforts by the Reserve Bank of India to stabilise the currency's depreciation have failed, as the rupee falls to a record low
Renminbi swap line expected to boost CNH liquidity
The recent agreement on a swap line between the UK and China will be a positive step for the nascent offshore renminbi market, although questions remain over how it will work
IMF gives its verdict on Abenomics
Article IV statement gives ringing endorsement to QQE in Japan; says ‘spillovers' may have adverse near-term effect on neighbours, but will be offset by benefits of economic strength in Japan
France leads eurozone in Chinese renminbi payments
Aims to promote Paris as an international hub for the renminbi are paying off, as France sees a 249% increase in yuan-denominated transactions
Bank of England swap line expected to fuel RMB growth
The creation of a swap line with the People's Bank of China should lead to greater confidence in the offshore renminbi market, according to traders and strategists
Perception of EM risk reduced by central bank safety net - investors
Large foreign exchange reserves held by emerging market central banks makes investing in those countries attractive, say panellists at FX Invest Europe
Bank of England to establish RMB swap line
Ten months after the UK government launched an initiative to make London a centre for offshore renminbi business, the Bank of England has started much-anticipated discussions over a renminbi swap line
Could FX volumes bounce back in 2013?
As the central bank FX committees prepare to publish their semi-annual turnover surveys today, trading volumes are expected to have remained depressed in October 2012, but many now expect a recovery in volumes this year