July 2010, news round-up
Dodd-Frank passes but leaves questions unanswered
The final passage of financial reform in the US Senate has brought the legislative process to a close, but leaves crucial questions unanswered for market participants.
The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by 60 votes to 39 on July 15. The bill will bestow regulatory authority over the over-the-counter derivatives market jointly to the US Commodity Futures Trading Commission and the Securities and Exchange
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More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
