More FRONT PAGE NEWS articles

Yuan NDFs set to peak

BEIJING - Chinese renminbi non-deliverable forward (NDF) rates could peak this week, ending the rapid rise seen since the government indicated plans to allow the unit to depreciate at the end of November, according to traders .

Trading | 08 Dec 2008

Capital controls hamper króna's comeback

REYKJAVIK - Iceland re-floated its currency last week but existing capital controls continue to drive away interest in króna trading.

Credit Derivatives | 08 Dec 2008

Banks slash jobs in FX

NEW YORK & LONDON - Wider cuts at global dealers have hit foreign exchange teams across both sides of the Atlantic, with many redundancies made last week.

| 08 Dec 2008

China in shock interest rate cut

BEIJING, MUMBAI & BANGKOK - The People's Bank of China shocked markets with an aggressive 108 basis point cut to interest rates last Wednesday (November 26), in its latest move to curb the rapid decline in growth.

Trading | 01 Dec 2008

Traders shift focus to recession

LONDON - Traders are reporting a slowdown in foreign exchange activity and a focus shift towards global recession fears as the market approaches year-end.

Trading | 30 Nov 2008

Bloomberg Tradebook back on track

NEW YORK - Bloomberg Tradebook is this week re-launching its foreign exchange electronic communications network after suffering up to eight weeks of outage as it sought to replace AIG as its central clearer.

Technology | 24 Nov 2008

Fisher: FX will slow down to assess risk

LONDON - Activity in the foreign exchange market will "pull back" over the next couple of years, while risk management will become a key focus for the industry, according to Paul Fisher, London-based head of the FX and reserves management division...

Wholesale | 24 Nov 2008
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