Emerging Markets
The EM units to watch as US and China make peace – Swissquote
Currencies such as the Thai baht, which trades heavily with China, should benefit from easing tensions
Investors eye Mexico and Brazil amid hopes in regime change
They believe a projected weakening in the dollar will support emerging markets
ACI partners ICA to promote FX Global Code in Mena
Financial market association joins forces with Interarab Cambist Association
Edgewater launches Latam FX venue
LatamFX.Pro will aid price discovery in the Mexican, Chilean, Colombian and Argentine peso, the Brazilian real and Peruvian sol
Venezuela launches app for FX conversion
App allows members of the public to convert prices into the new bolivar soberano
Bloomberg to add RMB bonds to Global Aggregate Index
Inclusion of RMB-denominated bonds “represents a pivotal development for investors around the world”, says Henry M Paulson
Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
China launches CNY/THB on CFETS
Moving interbank trading in the pair to onshore markets aims to support initiatives such as Belt and Road
UK PM opens London-China FX link with R5
During state visit to China, Theresa May announces the link allowing Chinese banks to trade FX offshore is live
China reportedly tweaks yuan fix
Markets reacted by selling the yuan, which fell 0.5% against the US dollar to 6.5291 from 6.4968 on Tuesday – its biggest drop in two months
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
R5FX launches renminbi connection with Shanghai Clearing
Connect will enable Shanghai banks to trade spot FX offshore via R5FX
Bank of China HK signs up for Thomson Reuters FX Trading
FXall and Electronic Trading are now available on Thomson Reuters’ desktop platform, created in 2015
TraderTools adds RMB and MXN to EM liquidity pool
The platform provider has launched 16 currency pairs in its Unique Liquidity Network in the last six months
Trade barriers could see RMB weaken in retaliation – panellists
China dealt with unpredictability of US administration by letting RMB appreciate, but a trade barrier could reverse this trend
IMF warns China over limited progress on reform
Fund notes the challenges posed by the “impossible trinity” are becoming apparent and need to be addressed
Managers selective on EM in event of Fed policy mistake
Instead of investing in the whole complex, managers prefer emerging economies with a strong balance sheet
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
INTL FCStone launches cross-border payments intelligence portal
Global Payments Network aims to give clients actionable news and analysis from local markets
Yuan to stabilise in 2017, according to poll
A poll of more than 500 Chinese FX participants finds 57% expect the yuan to halt its depreciation against the greenback