Mexico
Uncertain rates outlook poses challenge for corporate FX hedgers
Hedging programmes may need a revamp as EM/G10 rates differentials narrow
Hedge funds turn to exotics for EM carry trades
Traders eye dual digitals to cheapen up carry plays
Bank of Mexico overhauls peso closing rate in fillip for derivatives
Dealers welcome changes which, they say, will iron out kinks in valuing swaps, forwards and other currency products
Mexican government announces CBDC for 2024
Bank of Mexico has yet to comment publicly on the initiative
Market turmoil causes traders to pull back to vanilla strategies
Emerging markets spreads tighten but liquidity still patchy
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
Mexican currency under pressure over ratings downgrades
Fate of sovereign increasingly linked to struggling oil company Pemex
ABN Amro: investor sentiment remains EM currencies’ Achilles heel
While EMFX valuations are attractive, their good fortune is contingent on other markets
Investors eye Mexico and Brazil amid hopes in regime change
They believe a projected weakening in the dollar will support emerging markets
Volatility will not deter central banks
FX Week Europe panellists think central banks may see return of volatility as healthy mechanism that causes investors to recalibrate expectations
BSO connects to Mexico
Mexico City is the latest point of presence in the provider’s expanding connectivity network in emerging markets
SEB: growth and commodity prices are key for emerging markets
If growth continues to slow, the EM FX sell-off will be prolonged
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
Dollar’s rise and flagging risk sentiment dampen EM - SEB
Reduced risk appetite is currently affecting the EM currencies, but strong economic growth could help them to recover in the second half of the year
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
EM strength to continue for now, says Swissquote
The region will continue to improve over the next six months, says Peter Rosenstreich at Swissquote
Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
Edgewater launches matching engine in Mexico City
Another sign that the institutional FX liquidity provider is moving forward with its expansion in emerging markets
Emerging market risks diverge further as Fed hike looms
Standard Life updates its EM heat map to assess resistance to future shocks
Latam reserve managers experiment with renminbi
Renminbi viewed as an attractive reserve asset in Latin America due to growing business links with China; renminbi statistics may not be showing up in IMF data
CLS faces uphill battle to meet currency expansion targets
FX settlement system aims to add another 17 currencies within 10 years, but some caution that CLS membership doesn't make economic sense for certain emerging market currencies