Foreign exchange
Central banks grapple with risks arising from FX reserves
Holdings of foreign exchange reserves at central banks has increased since the crisis, and market participants believe diversification into new currencies could now pick up
Currency war scenario ‘exaggerated’, warns senior Swiss economist
Central banks are pursuing domestic priorities and are not engaged in competitive devaluation, says keynote speaker at FX Invest conference
RBS's Ahmad joins JPMorgan Asset Management in emerging markets debt and currencies
Appointment signals demand for investments in emerging markets debt and currencies
Ruble poised for growth after bond market liberalisation
As the bond market continues to open up and Moscow Exchange prepares to go public, FX market participants are eyeing potential opportunities for the ruble
Euro outlook 'unpredictable' after recent strength
Despite the resurgence of confidence in the euro since the turn of the year, participants appear to be following the caution expressed by Mario Draghi yesterday over whether the trend is sustainable
Japan institutional investors start unwinding dollar/yen hedge after steep yen drop
While foreign hedge funds have been driving down the value of the yen, now Japan insurers may strengthen the trend
FX Concepts moves execution to MarketFactory aggregator
New York-based currency hedge fund switched from Thomson Reuters to MarketFactory last month as it seeks to rationalise and simplify the process of aggregating liquidity
Regulators divided over collateral exemption for FX
Delays to the WGMR’s final standards on margin are due in part to disagreements over the treatment of FX, while the Financial Stability Board has called for variation margin to be tackled by a separate standard-setting body
Fidelity Management and Research hires Hawes
Foreign exchange industry veteran joins the buy side
Bank of China (Hong Kong) designated as market maker for CME USD/CNH futures
Market maker named for CME offshore Chinese yuan futures set for launch in February
CME launches three-year CNH futures contract to meet dim sum bond hedging demand
CME to offer CNH futures from February 25; becomes second provider after HKEx launched CNH futures contract last September
LCH approved for client clearing on ForexClear
The clearing house expects to begin client clearing for FX NDFs during the first quarter, and has now surpassed $500 billion in cleared volume for interbank NDFs
DTCC forex repository hits launch deadline, despite bank delays
The DTCC has today launched its global trade repository for FX in line with CFTC deadlines, although dealers now have until February 28 to begin reporting
What’s in store for 2013?
While 2012 was defined by low volatility and a clear decline in client activity, it also saw some major changes in the structure of the foreign exchange market, with a host of new initiatives and opportunities. FX Week speaks to senior market…
Review of 2012: October - December
FX Week looks back on the biggest stories of 2012, concluding with the fourth quarter. To read the original stories, click on the links in black
Review of 2012: July - September
FX Week looks back on the biggest stories of 2012, continuing with the third quarter. To read the original stories, click on the links in black
Review of 2012: April - June
FX Week looks back on the biggest stories of 2012, continuing with the second quarter. To read the original stories, click on the links in black
Review of 2012: January – March
FX Week looks back on the biggest stories of 2012, starting with the first quarter. To read the original stories, click on the links in black
FX Week Europe 2012: The five-year plan for the FX market
Speaking at the FX Week Europe conference in London, four senior market participants made their predictions about how the FX market will evolve over the next five years
FX Week Europe video: The challenges of FX in 2013
Senior market participants, including David Puth from CLS and Record Currency Management's Neil Record, speak to Kathy Alys about the major challenges of 2012, and their hopes for 2013
HSBC echoes call for greater official focus on offshore RMB
The FX market's fixation on the crises in the West has led participants to miss out on opportunities in offshore renminbi, and governments should give greater support to the currency’s development, HSBC believes
Photo gallery: Best Banks Awards, November 2012
Photos from FX Week's Best Banks Awards dinner, held in London on November 21
Photo gallery: FX Week Europe, November 2012
Photos and stories from the FX Week Europe conference, held in London on November 21
FX Invest latest edition now available
Read the about the latest developments in forex and cash management; alpha vs beta in currency; the true value of high-frequency trading and the challenges facing the emerging markets