China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

May 2012

Deutsche retains top ranking in global foreign exchange market; Citi jumps to second place overall in benchmark Euromoney survey



Foreign exchange

Investors rush to havens as eurozone woes intensify; speculators abandon EUR, AUD

May 2012

Currency speculators on the CME turned to the dollar, yen and sterling, as concerns over Greece’s fiscal crisis and worries over global growth pushed investors toward safety.

Poland's economic resilience, in a word

May 2012

Poland's debt-management official waxes lyrical in an interview with Euromoney about how the country is riding out the eurozone storm, and the sovereign's debt issuance plans

Investor migration to US credit could act as “catalyst for euro weakness”

May 2012

A €700 billion pool of maturing eurozone bank debt might be removed as a pillar of support for the euro if investors migrate into US credit markets.

Foreign exchange: London is the natural hub for renminbi

May 2012

Offshore renminbi now $2.7 billion-a-day market; One hub for each time zone likely

Momentum trading: study backs case for FX as an alpha-generating asset class

May 2012

FX momentum strategies can yield “surprisingly” high excess returns, according to a new study due to be published in the Journal of Financial Economics, which adds more weight to the view that FX is an asset class in its own right.

Reserve data point to fading SNB commitment to EURCHF floor

May 2012

The Swiss National Bank’s (SNB) disposal of euros in the first quarter suggests it might abandon its attempts to rein in the franc, despite protestations to the contrary.

US urged to end ‘phoney’ China currency war

May 2012

Leading China expert Stephen Roach this week slammed US policy on China’s exchange rate, urging Washington to ‘re-focus’ its priorities or risk a protectionist backlash

Widen RMB trading band to 10% — ex-People's Bank of China adviser

May 2012

Former central bank policy committee member Yu Yongding told Emerging Markets in an interview that China should allow as much as a tenfold expansion of its current RMB trading band

China’s CIC-BlackRock tie-up: a new normal in China’s outbound strategy

April 2012

The prospective development shines a light on the growing role for third-party western asset managers to oversee a slice of China’s foreign exchange reserves

Sterling buoyed by BoE policy shift; UK clearer calls for 2013 rate hike

April 2012

The Bank of England’s (BoE) quantitative easing cycle is likely to have finished, say economists at Barclays and RBS, and a more hawkish BoE stance will provide support for the pound, despite GDP estimates thrusting the UK back into recession.

Say g’day to the Australian currency market; retail FX thrives Down Under

April 2012

Australian retail FX is booming, thanks to a healthy domestic market, the access it provides to fast-growing Asia and a friendly regulatory environment.

Barclays: China could achieve capital-account liberalization by 2015

April 2012

Barclays predicts a set of policy initiatives by the Chinese authorities to liberalize the movement and trading of the renminbi, heralding full liberalization of the country’s capital account by 2015, according to Asiamoney.

Euro is the most undervalued G10 currency

April 2012

The euro is the most undervalued G10 currency on a purchasing power parity (PPP) basis, according to Morgan Stanley.

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