Foreign exchange
Colombian central bank suspends reserves accumulation
Board wants to assess impact of higher reserves on peso’s exchange rate
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
Trump administration proposes new rules to punish currency manipulators
Move would let US pursue more aggressive trade policy measures
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Strong dollar weighing on trade, says BIS
Advanced-economy monetary policy may have made the problem worse
Venezuela to adopt more flexible exchange rate
Liberalisation and US sanctions on oil industry likely to boost inflation, say analysts
Carstens says EMEs right to intervene, but must be ‘rigorous’
BIS “expending a great deal of analytical effort” in understanding the issue, he says
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Electronic trading differentiates dealers competing for market share
Technology and business scope keep JP Morgan and Citi at the top, but selectivity has some dealers gaining momentum
Argentine peso plummets as political risk rises
Rising inflation and recession increase popularity of former president Cristina Kirchner
Bank of Jamaica should reduce FX ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says
HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
China’s FX reserves hit seven-month high as capital flows back in
Reserves rise for fifth month in a row in March, as US-China trade thaw eases foreign investors’ concerns
Philippines joins regional payment settlement network
Malaysia, Indonesia and Thailand already in system that aims to spur local FX markets
Nomura slashes FX headcount in $1 billion cost-cutting drive
Impact of job losses falls mainly on the emerging markets FX team
Why Fed’s rate pause won’t drag on USD/HKD carry trades – analysts
Factors suggest gap in US/Hong Kong dollar borrowing costs will not narrow any time soon
SocGen offers won-hedged indexes for Korean autocall clients
Local currency benchmarks cut FX hedging costs for clients and boost yields, bank says
Xenfin enlists Robson for international business development
Ben Robson is a former head of FX Asia-Pacific at MF Global
