Currency
Renminbi’s share of global payments slides in February
It falls two places to become the seventh most-used currency for global payments, according to Swift
US DoJ changes tactics in Bogucki case
US attorneys will use bank fraud laws to pursue the former currency trader, extending the statute of limitations
Lawyers in cartel case argue against antitrust accusations
Depending on the type of relationship, the Sherman Act may or may not apply
Antitrust attorneys prepare to depose UK traders
Despite the court extending a partial stay on depositions until June 8, lawyers have been granted access to interview some UK-based people
BIS warns of virtual currency risks
CBDCs could have an impact on global financial stability, and large demand could force central banks into risky assets, new report says
Judge grants Bogucki’s case dismissal hearing
Robert Bogucki's lawyers will argue the US abused a transnational document request to extend the statute of limitations
Trade discussions hinder dollar performance – CIBC
Friction over trade tariffs and tightening of QE will be the challenges for G10 in the months ahead
Thomson Reuters launches bitcoin sentiment data feed
The tool appears in a new version of the firm’s MarketPsych Indices to assist trading and risk management
US court rules cryptocurrencies are commodities
Asserting the CFTC’s jurisdiction, the ruling clears the way for the agency to bring its fraud case
China’s FX reserves drop for first time in 13 months
PBoC figures show $27bn decrease from a month earlier, driven by exchange rate movements
Johnson’s sentencing pushed back to April 2
Mark Johnson is allowed to stay in the UK with his family until March 26
Bogucki lawyers call FX case a ‘well-disguised sham’
Defence says prosecutors misused international document request to extend statute of limitations
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
Markets may be underpricing Brexit risk
‘We don’t see a situation where the UK is going to come out of this with a favourable deal’ – Mizuho currency strategist Sireen Harajli
Cartel dismissal hearing postponed again
Originally scheduled for January 29, the court date was kicked back to February 14 and has now been postponed again until March 26
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
Russell Investments calls on peers to commit to FX Code
Chief investment officer for currency says FX Global Code of Conduct embodies good fiduciary standards
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
Ullrich returns to State Street
David Ullrich will lead North American sales for FX Connect
China’s FX reserves rise for twelfth month
PBoC figures show $21.5 billion increase, bringing total reserves stockpile to highest level since September 2016
Renminbi payments drop in December
The Chinese currency is once again the fifth most-used for global payments – Swift
BIS: central banks must act on cryptocurrencies
Agustin Carstens warns against proliferation of cryptocurrencies without regulatory framework
Johnson’s sentencing delayed until March 8
Former HSBC senior banker can spend more time with family in the UK before returning to the US by March 1