Foreign Exchange
Forex market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
Many firms not following global forex standards – RBA deputy governor
Guy Debelle says global forex committee shifting focus to algo trading
Chile’s forex intervention likely to stabilise peso – experts
Much depends on reform programme chosen by government, however
Chile to sell $400m a day in first week of forex interventions
Central bank selling $200m in spot market and $200m in 30-day forwards
Chile launches biggest forex intervention in 20 years
Chilean peso has fallen by 14% against the dollar since mid-October amid massive street protests
Brazil sells dollars as real falls to record low
Currency has fallen by 11.3% against dollar since July, as central bank cut rates to new low of 5%
Riksbank sells Canadian and Australian bonds on climate risks
Swedish central bank based decision on high greenhouse gas emissions in Alberta, Queensland and Western Australia
Israeli reserves see strong growth in October
Total international reserves now worth 32.2% of GDP, boosted by equity investments
IMF praises Bank of Mexico for not intervening in forex market
Peso strengthens against regional peers following lack of intervention from central bank
Angola abandons currency trading band
Central bank floats currency after IMF raises concerns
Argentina tightens currency controls following Macri’s defeat
Left-wing opposition leader Alberto Fernandez won the October 27 presidential elections
Argentinian central bank struggles to stabilise peso ahead of elections
International reserves have fallen by 29% since opposition leader defeated president Macri in primary vote on August 11
ECB and PBoC renew bilateral currency swap
Euro-renminbi currency swap agreement will stay in place until October 2022
BSP governor rules out Philippines involvement in Asian currency war
Rate cuts by Central Bank of the Philippines due to ‘domestic factors’
Floating exchange rates cut inflation in Caribbean – IMF paper
Survey finds greater financial openness in Caribbean countries is associated with lower inflation
Dominican Republic sells dollars to support peso
Dominican peso has been one of the stronger performers in the region
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
Trade war may delay renminbi as reserve currency, says reserves manager
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
BIS paper studies spread of global currency trading
Authors examine “patterns of diffusion” to understand rise of the renminbi
Argentine governor rules out defending peso ‘far from’ economic fundamentals
Sandleris reaffirms commitment to tight monetary policy to tame inflation
Brazilian central bank will sell dollars outright for first time since 2009
Central bank says it remains committed to floating currency regime
Argentine central bank tries to halt peso’s slide
Peso falls after primary election results come as blow for President Macri
Sterling’s fall boosted UK inflation - San Fran Fed paper
Prices of tradeable goods rose significantly more than non-tradable goods, researchers find
China discloses FX portfolio for first time
Report shows ratio of US dollar-denominated assets declined to 58% in 2014, from 79% in 1995