Foreign exchange
Carstens says EMEs right to intervene, but must be ‘rigorous’
BIS “expending a great deal of analytical effort” in understanding the issue, he says
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Electronic trading differentiates dealers competing for market share
Technology and business scope keep JP Morgan and Citi at the top, but selectivity has some dealers gaining momentum
Argentine peso plummets as political risk rises
Rising inflation and recession increase popularity of former president Cristina Kirchner
Bank of Jamaica should reduce FX ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says
HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
China’s FX reserves hit seven-month high as capital flows back in
Reserves rise for fifth month in a row in March, as US-China trade thaw eases foreign investors’ concerns
Philippines joins regional payment settlement network
Malaysia, Indonesia and Thailand already in system that aims to spur local FX markets
Nomura slashes FX headcount in $1 billion cost-cutting drive
Impact of job losses falls mainly on the emerging markets FX team
Why Fed’s rate pause won’t drag on USD/HKD carry trades – analysts
Factors suggest gap in US/Hong Kong dollar borrowing costs will not narrow any time soon
SocGen offers won-hedged indexes for Korean autocall clients
Local currency benchmarks cut FX hedging costs for clients and boost yields, bank says
Xenfin enlists Robson for international business development
Ben Robson is a former head of FX Asia-Pacific at MF Global
RBI forms task force on offshore rupee
Task force will examine the effects of the offshore market on exchange rates and domestic liquidity
The ‘Cartel’ three: not guilty, but still paying a penalty
Despite their acquittal, the former FX traders face obstacles in trying to rebuild their careers – meaning the DoJ didn’t fail, says one expert
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”
US sanctions on Venezuela could spell end of petro
Crypto asset is backed by oil reserves the country can barely commercialise
Fragmentation keeps yen flash crash cause murky, says RBA
But points finger at double whammy of low-volume Asia morning and algo trading
FX Connect platform gets a significant upgrade
State Street's revamps for interface and order tools lead in 2019 product overhaul
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
LiquidityFinder turns on liquidity matchmaking site
The website offers a consolidated view of liquidity providers for simple comparison