Central banks
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel
Fed’s room to hike spells trouble for EMs – Scotiabank
Central banks’ interest rate tightening will make it hard for emerging markets with large deficits
Beyond payments: central bank digital currencies
Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
GFXC to publish disclosures, cover-and-deal findings
Global Foreign Exchange Committee holds two-day meeting in Paris on November 29-30
Volatility will not deter central banks
FX Week Europe panellists think central banks may see return of volatility as healthy mechanism that causes investors to recalibrate expectations
Dollar-supportive factors may fade soon, says Wells Fargo
Longer-term dollar weakness likely as Fed approaches neutral policy, but how soon will that be?
BIS committee finds inadequacies in derivatives data
Challenges remain, despite significant progress, Irving Fisher Committee reports
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of renminbi hamper progress of single currency
Dollar to weaken on fundamentals and Fed, says CIBC
Dollar will be under further pressure as other central banks start normalising monetary policy
Argentina adopts floating FX regime to tackle peso crisis
IMF extends running standby arrangement to $57.1 billion
Dollar to gain from trade war escalation, says Wells Fargo
Trade tensions will be dollar-positive and weigh on risk-sensitive EM currencies
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Current account balances are key in EM, says Westpac
As risk sentiment sours due to the ongoing trade wars between the US and China, current account deficits will weigh on some EM units
Central bankers continue to struggle with crypto
Uncertainty around the assets’ use and regulation calls for further research, debate finds
Structural factors to weaken dollar – Scotiabank
Canadian bank says the outlook for the US currency is generally negative
Algo supervision is paramount, says Rahmouni-Rousseau
Banque de France’s director of markets notes the rise of algorithm usage carries a high level of responsibility
SNB governor on lifting the currency floor
Thomas Jordan speaks about currency intervention, negative rates and FX reserves
New Chinese FX crackdown to hit corporate hedging
Despite new reserve requirement, dealers say ‘maturity’ in risk management is here to stay
BoJ yield cap a risky move, says Saxo Bank
Bank of Japan shift drives biggest bond-yield jump in two years
Renminbi payments hold steady in June – Swift
China’s currency keeps its fifth most-used currency spot for global payments, according to Swift
No sign of a currency war, says Danske
US President Trump may wish for a weaker dollar, but the Fed will not bow to pressure and slow its tightening path
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
Banque de France selects Quod Financial
French central bank chooses Quod for FX aggregation needs
New York Fed commits to FX Global Code
It promises to conduct its currency business in a manner consistent with the set of principles