Foreign exchange
Sterling option volatility spikes on Brexit deal news
Trading reaches crescendo on Friday; insiders warn of further volatility
Philippines mulls won-peso bilateral trading
Move aimed at shifting trades away from US dollar
HKMA dismisses cash limit rumours as tensions escalate
Emergency laws will not affect cash withdrawal or capital flows, HKMA says
Fed can now keep rates on hold, senior official says
Recent cuts have provided greater assurance Fed will hit inflation target, Charles Evans says
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
More global custodians approved as FX settlement banks by China
But list of eligible Bond Connect entities incomplete and some global custodians unable to provide CNY funding
Floating exchange rates cut inflation in Caribbean – IMF paper
Survey finds greater financial openness in Caribbean countries is associated with lower inflation
Finnish paper looks at Chinese currency swap agreements
Bilateral swap agreements increase settlement of trade transactions in renminbi – researchers
Dominican Republic sells dollars to support peso
Dominican currency has been one of the stronger performers in the region
BoE paper examines exchange rate return distribution tails
Authors look to understand exchange rate risk in global cycle
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, US central bank says
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
Argentina reimposes currency controls as peso plummets
Authorities aim to stem depreciation of peso, which has fallen 23.9% against dollar since August 11
No noticeable fund outflows amid protests – HKMA
Exchange Fund sufficient to back currency in case of capital outflows, central bank says
Argentine governor rules out holding peso at unsustainable level
Guido Sandleris reaffirms commitment to tight monetary policy to tame inflation
Brazilian central bank to sell dollars outright for first time since 2009
It remains committed to floating currency regime
MUFG eyes financial institutions, pension funds in expansion
Japanese bank wants to build a broader client base beyond corporates
Argentine central bank tries to halt peso’s slide
Peso falls after primary election results come as blow for President Macri
Asia awaits term SOFR solution for local benchmarks
Singapore, Thailand and the Philippines look at ways to replace Libor in benchmark calculations