Articles by Arvid Ahlund
Yuan falls to one-month low after PBoC rate cuts
The currency's weakening signals investor wariness over developments in China; analyst says ‘record' outflows are feeding through to the offshore forwards market
RBA exchanged $143bn in FX swaps last year, figures show
The Australian central bank uses tool to manage domestic liquidity and short-term reserves amid unprecedented exchange rate volatility; cuts euro from reserves
US softens rhetoric on renminbi ahead of SDR review
The Treasury drops its "significantly undervalued" reference in its flagship report to Congress on foreign exchange rate policies ahead of next month's IMF review
PBoC to launch RMB/CHF trading ‘very soon'
Shanghai-based head of renminbi trading at major western bank says reported move is primarily ‘symbolic' and is likely to feature other currencies as well
China and Singapore expand cross-border renminbi channels
Initiative allows Chinese companies to raise RMB debt in the offshore hub, while making it easier for Singapore banks to deploy RMB liquidity; Singapore also eases exchange rate path
Bank of Japan launches updated payments platform
New BoJ-NET system live today, days after launch of China's Cips platform, and renminbi surpasses yen as global payments currency
China launches long-awaited cross-border payments platform
PBoC announces launch of China International Payment System, marking big step towards renminbi internationalisation
IMF foresees ‘lasting upswing' in US dollar
Updated flagship report warns EM corporates ‘natural hedge' against stronger dollar could become redundant if energy prices continue to slump
China eases cross-border cash-pooling restrictions
Beijing increases the amount that international firms are allowed to pool in the Shanghai free-trade zone five-fold, making it easier for them to circumvent capital controls and manage liquidity
Saxo Bank opens Shanghai office
The multi-asset broker sets up shop in China's premier financial centre to take advantage of the increasing demand for services
China opens FX interbank market to central banks
The People's Bank of China says foreign central banks will be allowed to trade a range of derivatives products, including forwards, swaps and options
Connectivity biggest roadblock to e-FX in Asia
Connectivity and infrastructure are the biggest hurdles to developing Asia's e-FX market, but culture also plays a big role, panellists say at the 11th annual FX Week Asia conference in Singapore
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
China FX forwards move prompts questions over government motives
Reports that China will require banks trading FX forwards to deposit USD with the PBoC spark debate over whether the move is structural or an emergency measure to halt outflows
Malaysia and Thailand ink 'milestone' settlement deal
Asean economies aim to settle more trade and investment in local currencies. The initiative will reduce ‘exposure to volatility of global settlement currencies' and business costs
PBoC sets daily renminbi fix at four-year low
The Central bank's move comes two days after China's premier said the currency was at an ‘equilibrium'; one analyst expects ‘more depreciation down the road'
China's premier says renminbi at ‘equilibrium’
Li Keqiang plays down the risk of further renminbi depreciation, vowing it will be ‘kept basically stable' at the prevailing rate in a move that may offer relief to hard-hit emerging market currencies
Asian currencies reach multi-year lows
Ringgit and rupiah worst hit as China stock plunge reverberates through FX markets; worst day since ‘taper tantrum', says strategist
EM nations react to Chinese renminbi move
Reference rate of dollar-pegged VND lowered and trading band widened as the central bank seeks to defend reserves amid fallout from CNY devaluation
China pauses renminbi devaluation
Move signals short-term rate is stabilising, but analysts warn the risk-off environment prompted by Tuesday's shock announcement could cause sell-off to escalate
China market turmoil won't affect SDR decision, says Lagarde
IMF chief defends government efforts to prop up stock market and praises reform tempo at first-ever virtual press conference
Demand for Taiwan RMB futures puts Hong Kong in the shade
Taifex says the exchange-traded instruments launched this week are a ‘milestone' in offshore market development, but analyst believes foreign investors are unlikely to bite
Capital outflows prompt drop in China's reserves
Holdings fall $110 billion in Q1 as domestic investors look abroad and the PBoC defends the exchange rate; analysts say ECB quantitative easing is probably the real villain
Korea introduces RMB discount window
Bank of Korea is launching an emergency liquidity facility, offering Chinese currency as part of a broader infrastructural push to bolster Seoul's role as a RMB hub