Tag: US

US

Virus Outracing Efforts to Measure, Contain, Compensate

The furious governmental efforts at all levels to cope with the increasing spread of the coronavirus as a disease and as a crippler of the economy Friday did not seem to be keeping up with the steepening curve of infection. As more governors close down non-essential business in their states to keep individuals separated as […]

US Treasury Rescinds China “Currency Manipulator” Label

The US Treasury has determined that China should no longer be designated as a currency manipulator. In a new report, Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury cites economic reforms and commitments from China to refrain from devaluing the renminbi (RMB) as the reasons for this decision. […]

USD/CNH Volumes Surge on SGX Amidst Trade War

Having recorded a new record high trading volume of $7.5 billion notional in its USD/CNH futures on Friday, August 2, SGX saw a 38% increase in volumes as trading resumed on Monday, August 5. The initial surge in trading was precipitated by a tweet from US president, Donald Trump, that his administration plans to impose […]

FX Volumes Slightly Lower: Surveys

The latest round of FX committee semi-annual turnover surveys indicate that activity globally dipped slightly in October 2017 from the previous April, but was up year-on-year.
The US was the bright point amongst the surveys, showing a 6.2% rise from April 2017’s level and 7.2% higher than the previous October, while the UK, still easily the world’s largest FX market, saw activity decline by 4.3% from April, however it was up 5.4% year-on-year. Elsewhere, all centres saw slightly higher activity from the April 2017 survey, however Singapore and Canada were up on a year-on-year basis while Japan and Australia declined slightly.