Central Banks
Renminbi volatility set to continue
Panellists at the 11th FX Week Asia conference in Singapore discuss the implications of China's exchange rate moves
Draghi stresses 'willingness to act' as ECB cuts inflation forecasts
The governing council holds policy as European Central Bank staff cut their inflation targets over the forecast horizon; Mario Draghi stresses quantitative easing could run beyond September 2016 if necessary
Global FX volumes climb off record highs
But still manage to grow year-on-year in April
European currency-hedged funds set for inflows
But UK counterparts will continue to struggle to attract new money
Capital outflows prompt drop in China's reserves
Holdings fall $110 billion in Q1 as domestic investors look abroad and the PBoC defends the exchange rate; analysts say ECB quantitative easing is probably the real villain
Renminbi is at fair value, the IMF says
The Fund declares China's currency fairly valued months ahead of SDR basket review, having previously thought it was out of step with economic fundamentals
Considering China as a growth hotspot
Philippe Gelis, chief executive and co-founder of Kantox, looks at opportunities stemming from the launch of Cips
SNB posts record loss in first quarter
Numbers suggest the central bank is still intervening in currency markets
SNB's Danthine calls franc losers narrow-minded
It was 'absolutely certain' the SNB would end Swiss franc floor, says vice-chair of the governing board
Global FX reserves down, dollar allocations up
Valuation effects push USD portion of allocated reserves higher while EUR slips
China overlooks own foreign investment cap
Hong Kong firm granted $1.2bn QFII quota, above the $1bn cap set in 2009, as world's second-biggest economy takes symbolic step towards opening up capital account
PBoC governor hints at capital account liberalisation this year
Zhou Xiaochuan says it will be ‘more convenient not only for enterprises but also for individuals at home and abroad to invest' during panel discussion with IMF's Lagarde in Beijing
Conference delegates blast SNB for Swiss move
The SNB's decision to remove its minimum exchange rate in the franc should have been done with more notice, conference delegates say
Rocking in exotics has never been more attractive
An early mover gamble paid off for US broker INTL FCStone in exotic currencies trading. Philip Smith and Gregory Vincent explain why the payments business is growing
Denmark cuts rate for third time in 11 days
Danish central bank cuts its deposit rate for the third time since the Swiss National Bank decided to abandon its exchange rate commitment; rate now sits at -0.5%
Legal opinion opens door for ECB bond-buying programme
Adviser to ECJ deems OMTs "compatible" with European law in a move described as an "overwhelming success" for the ECB; it could nonetheless restrict the central bank's role in Troika
SNB negative rates to take effect on ECB day
The Swiss central bank's steps and timing are a good indication of the ECB's next actions
Draghi plans showdown ‘early next year’
Governing council to reassess monetary stimulus in 2015; Draghi says he does not need unanimity to launch quantitative easing
Bank of England resumes settlement after 'technical issue’
UK’s high-value payment system was ‘paused’ for several hours Monday, but is now back up and running; central bank extended opening hours to deal with backlog
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
Carney: shortfall in reserves likely for independent Scotland
Division of UK reserves on GDP basis will leave Scots with 10% buffer – less than half of what is generally considered sufficient ‘to ensure credit flows freely and effectively', says BoE governor
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