FX Markets - 13 June 2016
Articles in this issue
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
FX funds above water in April
While they were back in the black, FX funds did not manage to reach their earlier 2016 yields
Banks fear early rollout of EU margin rules for FX forwards
Industry calls on the European Commission to clarify when FX forwards will be subject to a variation margin requirement
First foreign-issued RMB bond lists on LSE
The RMB 3 billion three-year bond was announced on May 25
Dairy demand data available for FX traders for first time
Global Dairy Trade publishes data that is often behind Kiwi dollar moves
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
CME and CloudMargin offer collateral-management service
Customers will gain access to a consolidated view of their collateral inventory
Oversold dollar view leads Rabobank to victory
The bank says the Fed could hike again in September, with another possible if there is good data in the months ahead
China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
NAB goes live with FX OMS a week after platform launch
National Australia Bank launched starXchange on June 2
Strong dollar behind economic paradigm breakdown – Shin
BIS head of research points to failure of covered interest parity post-2008, with the strength of the US dollar correlated with the size of market anomalies
House prices complicate outlook as RBNZ holds
Central bank caught between strong New Zealand dollar and rising risks in the housing market; keeps rates on hold
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
Non-banks charge ahead, but HFTs see warning signs
New risk-warehousing models are outpacing non-bank players that rely on latency advantages