Figures released by the Society for
Worldwide Interbank Financial Telecommunication (SWIFT) today reveal that
nearly 40% of financial institutions worldwide have adopted RMB when exchanging
payments with China and Hong Kong.
1,131 banks used the RMB in payments with
China and Hong ...
Policy improvement and cooperation between monetary and
fiscal policy is essential in order to avoid a major currency or debt crisis,
according to a new academic paper.
Written by Richard Preschern, co-founder and chief risk
officer at FX Vision, and ...
Monetary policy, in developed markets at least, increasingly seems a case of words speaking louder than actions. At its policy meeting on 26 January, the European Central Bank delivered nothing but its commitment to deliver on its mandate of 2% inflation and ...
The Bank for International Settlements (BIS)
released two new reports, highlighting the structure and liquidity of fixed
income markets and finds that while recent market changes do not appear to have
had a negative effect on liquidity, in times of ...
A Goldilocks Year, not
too hot, not too cold is our central scenario for 2016, and it would look
something like this:
accelerates a little in 2016 to 3.5%, after 3.2% in 2015. Inflation in
developed markets (DM) recovers back to 2% targets, but ...
Markets have started the new year under
pressure, with Chinese equities down 7% on 4 January (before automatic circuit
breakers kicked in), the Dow Jones shedding 1.6% and the FTSE nursing a 2.4%
loss – the worst first trading day losses for many years. Some ...
The wait is almost over, or so it seems as
financial markets continue to price in the first Fed Fund rate hike since
mid-2006 at next week’s FOMC meeting.
According to Andrzej Pioch at L&G Multi-Index Funds, “The ...
Last week’s ECB decision, which
disappointed many in the market, has helped relieve some of the upward pressure
on the Swiss franc and on the Swiss National Bank (SNB) to further ease
monetary conditions, according to Joachim Corbach, head ...
recovered from a dip after strong US non-farm payroll (NFP) figures were
released, closing almost flat for the day.
After the NFP
showed that the US economy generated 211,000 new jobs in November, meaning that
the Federal Reserve Bank ...
Implementing an effective settlement mechanism for CNH is
likely to be a “tipping point” for increasing trading volumes in this currency,
according to senior staff at EBS BrokerTec.
EBS BrokerTec’s USD/CNH currency pair has been something of