Emerging Markets
EBS and Moscow Exchange unveil plans for dollar-ruble fix
EBS says venture comes in response to market concerns about methodology of existing rate
Russia remains slow to adopt real-time settlement
Participants believe the development of Russian ruble trading could be in deadlock as a result of the slow adoption of real-time gross settlement by Russian banks
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China
Sub-Saharan African currencies gain traction
The search for yield in currency markets is leading investors into new emerging market currencies in sub-Saharan Africa, according to banks focused on the region
EBS launches Indian rupee fix and spot USD/INR
FX platform adds Indian rupee capabilities as it seeks to break the monopoly held by rival Thomson Reuters in the region
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
Questions raised over LatAm growth potential
Former head of FX macro sales at Goldman Sachs believes growth in Latin America may have reached its limit, despite widespread focus on currencies such as the Brazilian real
Spotlight on: Jaime Roblesgil, Citi
Citi’s managing director of markets and regional head of Latin America talks to Melanie White about the bank’s growth strategy in the region, and the changes in client appetite for emerging market currencies as a result of the crisis
Weighing up renminbi prospects
Despite the high-profile attention to London's potential as the western hub for renminbi business, central bank and corporate appetite for the currency appears lukewarm
Economic recovery on track but risks remain, warns IMF
Global growth should rise from 3.5% to 4.1% next year, although capital flows into emerging markets give some cause for concern, according to a senior IMF official
City’s top brass throws weight behind London RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking chiefs from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
Frontier currencies gain traction with investors
FX strategists and currency managers report growing interest in frontier currencies such as the Kenyan shilling, Ugandan shilling and Nigerian naira
Currency risk in Africa more perceived than real, says fund manager
Speaking at this week's African Investment Summit in London, Els Boerhof said diversification and a longer time horizon can reduce hedging costs
FX Invest Europe: Investors cautious on prospects for renminbi
Currency managers express a preference for alternative emerging market currencies to Chinese renminbi
FX Invest Europe: Developed market currencies still important despite EM buzz
The recovery of major economies will be crucial to the profitability of FX markets, despite the greater returns to be generated from emerging market currencies, according to conference speakers
Buy the Indian rupee, says State Street Global Advisors
Having been bearish on the rupee for several years, the firm's head of currency management has become more positive in recent months, and now rates the currency as a top EM bet
Exploit relative-value opportunities in EM currencies, says Investec
Turkish lira versus the Israeli shekel is a favourite relative-value play for Thanos Papasavvas, fixed-income and currency strategist at Investec Asset Management
UK banks ramp up RMB resources in London
Both RBS and HSBC have made senior appointments to prepare for the growth of renminbi in London. The new business heads talk to Chiara Albanese about their priorities
Bric currencies dependent on Chinese policy on renminbi, says L&G strategist
Brazil, Russia and India see China as their main competitor and will wait until the country allows appreciation of the yuan before they follow suit
Offshore RMB remains a challenge for corporates
UK chancellor George Osborne is pushing hard for London to become the next financial centre for the trading of renminbi, but despite the blaze of publicity surrounding his visit to Asia this week, some corporates remain daunted by the new currency…
Strategic currency hedging in emerging markets
When hedging currency markets, one should treat developed and emerging markets separately, as their behaviour can vary significantly, argues Edward Murray
FX Week Europe: Investors warned to be prudent on EM currencies
Senior strategists and currency managers warn emerging market currencies are no panacea to the troubles in the eurozone
FX Invest Middle East: Further economic weakness ahead for Mena, warns World Bank
Keynote speaker at FX Invest conference in Dubai says the current outlook for the Middle East and Africa is 10% unemployment and 4% growth, while figures for China are the reverse
Turkish intervention poses threat of inverted currency war
A wave of intervention by Turkey and Poland’s central banks to strengthen the lira and the zloty could lead to an inverted currency war if other central banks follow suit, according to strategists. Chiara Albanese reports