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LATEST ARTICLES
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Kwasi Kwarteng’s debt-funded tax giveaway has re-priced UK risk at a stroke, but the high cost may bring scarce benefit. -
The recent multi-decade lows experienced by the pound and the yen may have different origins, but they are also a reminder that history has a habit of repeating itself.
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Removing UK bonus caps and undermining the BoE could exacerbate a sterling crisis while entrenching US IB dominance.
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Europe and the US remain the focus, but LatAm and Asia Pacific will also contribute to volatility in 2022.
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The strength of the Australian economy is not enough to convince analysts it is a good time to increase AUD exposure.
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Holders of cryptocurrency pay a heavy price for greater privacy.
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UK policymakers are trapped between reducing inflation and boosting the flagging economy.
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Progress on implementing the proposed minimum global tax rate may be uneven, but it will have implications for all.
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China’s support for Russia is part of its strategy to reduce the world’s dependence on the greenback – might it work?
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Despite some notable challenges, Latin American currencies could continue to surprise in the second half of the year.
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Patchy inter-company loan administration could leave corporates exposed to breaches of transfer pricing guidance.
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The results of this year’s Euromoney FX survey highlight the value of long-term strategic investment in forex.
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Markets are trading interest-rate expectations over actual rate decisions – proving the power of market sentiment.
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Digitalizing and automating its FX risk management has notably improved a pharma's treasury function.
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FX analysts have diverging views on the prospects for the euro over the coming months, after a bank research warning.
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European corporates saw losses from currency volatility fall late last year, so hedging has stayed largely unchanged.
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The currency’s fairly benign passage through the early months of 2022 is now under threat from a variety of factors, including spiralling inflation, the cost of supporting the currency and even a growing interest in cryptocurrency.
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With the US Federal Reserve apparently keen to step up the pace of interest-rate rises over the coming months, it is not just emerging market currencies that are expected to suffer.
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Rate increases in major economies away from the US, as central banks battle spiralling inflation, have weakened the momentum the dollar might otherwise have garnered from a hawkish Fed.
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A number of commodity currencies have received an unexpected boost from the conflict in Ukraine as Western economies look to reduce their dependence on fossil fuels from Russia more rapidly than previously planned.
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A combination of geographical position and commodity strength is working in the country’s favour.
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When a group of leading banks were unable to source the roubles needed to deliver in settlement of FX swaps, compression trades saved the day. The episode serves to highlight how fragile very large, complex and interconnected financial markets have become.
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China’s approach to central bank digital currency offers clues to how it may build a unique version of decentralized finance.
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Despite China’s ambitious plans for its digital currency, the e-yuan will struggle to become a lead player in international trade finance without notable changes, most importantly to capital controls.
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With little chance of a swift resolution to the conflict in Ukraine, the effect on FX markets is being felt well beyond the bounds of the former Soviet Union. But not all reactions have been typical for a crisis.
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Chinese policymakers may have become more relaxed about fluctuations in the yuan, but no one should doubt their willingness to intervene if the currency moves too far in either direction.
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After a generation of low inflation, rising consumer and business costs have leapt to the top of the list of factors influencing FX pricing.
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Analysts are keeping a close eye on regional as well as US monetary policy as they attempt to plot a course for the currencies of the countries that form the Association of Southeast Asian Nations.
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Many observers remain unconvinced about the Scottish government’s official currency if the country were ever to gain independence.
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Turkey’s currency continues to flounder, with hardline president Erdoğan apparently determined to prove that the best way to curb inflation is to reduce – rather than increase – interest rates.
