Foreign Exchange
DNB paper looks at Fed’s use of credit swap lines
Federal Reserve used currency swap lines to calm markets in worst of crisis, paper says
Weaker franc gives SNB newfound leeway
The Swiss franc falls to its lowest level against the euro since January 2015
Bank of Russia to buy forex to counter oil price changes
Finance ministry orders central bank to sell or purchase forex
Ukrainian central bank drops open forex auctions
Central bank aims to “minimise its presence” in forex market
Chinese law doubts holding back RMB internationalisation – paper
Bank of Italy occasional paper looks at recent history of renminbi trading in Europe
IMF staff raise concerns over Nigeria’s FX regime
Authorities insist restrictions are temporary
Solomon Islands urged to include renminbi in exchange rate basket by IMF staff
IMF staff suggest changes to exchange rate regime
Guy Debelle reviews forex code progress ahead of first-phase release in May
Global code to be implemented as principles rather than rules
Venezuela revamps foreign exchange regime
Government reduces number of rates available from three to two
Trinidad governor implies $500m injection failed to solve US dollar shortfall
Trinidad and Tobago’s Jwala Rambarran calls for diversification in the economy
US ‘unwilling to compromise' on derivatives rules, China vice-minister of finance says
Differences in accounting practices remains urgent issue, Zhu Guangyao argues in new report
Bank of China chairman on RMB internationalisation moving from strength to strength
Cross-border renminbi settlement in the first nine months of 2014 reached 4.8 trillion yuan
Yi Gang on China's new foreign exchange philosophy
Safe director discusses five policy reforms as well as the long-term value of the renminbi
Five problems with floating rate exchange regimes
Euro's 25% fall against the US dollar highlights dangers of floating currencies
Central Bank of Brazil extends swap auctions
Swap auctions represent less than 30% of the country’s reserves
Canada governor says ‘manipulating markets not in our game plan'
Poloz: attempts to influence exchange rate would ‘do more harm than good'
Offshore renminbi has increasing impact on Asian exchange rates
Chinese currency carries independent price signals to other Asian currencies, according to BIS paper
Aid ‘surges' benefit countries where currency or inflation is allowed to rise
If large inflows of aid are ‘sterilised' in an attempt to curb inflation or maintain a set exchange rate, the economy will not feel the benefit of aid, a new IMF paper finds
Hungary targets forint entry into CLS
Hungary's central bank has committed itself to bringing the currency into CLS, and sources believe it could be added as early as next year
Russia 'welcomes' weaker currency as central bank sticks to float plan
Russian rouble is latest currency to be hit in emerging markets turmoil, but analysts believe the central bank will stick to its stated policy - or loosen their grip on the exchange rate
Security of hard pegs ‘illusory', IMF economists find
Re-examination of exchange-rate regime orthodoxy finds hard pegs are too risky, but 'managed floats' can have 'significantly lower risks'
Offshore RMB market booming in London, report finds
A study by the City of London Corporation reveals the City's efforts to become a global hub for renminbi business are paying off, with daily spot value reaching $4.8 billion last year
Dealers losing exclusive role in foreign exchange, BIS report notes
A new analysis of the 'anatomy' of the forex market notes the increasing influence of non-dealer financial institutions, following this year's triennial survey
Czech central bank starts targeting exchange rate
Czech National Bank finally says it will start intervening in the forex market, a year after it cut rates to the zero lower bound; Czech koruna almost hits target level straight after announcement