Foreign Exchange

Canada & China | Capital Markets
Canada and China have agreed to support the increased use of renminbi in trade, commerce and investment between the two countries.

Foreign Exchange | Capital Markets
How to take the gaming instinct out of foreign exchange traders has become the order of the day, following last month’s imposition of $4.3 billion in fines on six global banks for manipulating currency benchmarks.

FX Supplement 2014 | Overview
Will regulation repair forex’s damaged reputation—and are banks ready for the culture change?             

FX Supplement 2014 | Introduction
Many dyed-in-the-wool foreign exchange traders lament the regulatory changes sweeping the industry more than six years after the global financial crisis.

FX Supplement 2014 | Corporate Hedging
The recent surge in foreign exchange volatility may be catching some corporate treasurers by surprise after the currency market’s prolonged lull.  

Al Rajhi retains its crown as the Safest Islamic Bank.

Global Finance’s annual list of Who’s Who in Foreign Exchange.      

Trends | Foreign Exchange
The global imbalance created by Europe’s huge current-account surplus and excess savings has created a glut of euros that could condemn the single currency to broad-based weakening.

TRENDS | RENMINBI TRADING
Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.

CAPITAL MARKETS | FOREIGN EXCHANGE
It is a changing world for FX traders. Regulatory uncertainty and low volatility are putting a damper on the foreign exchange market, with spreads narrowing by 20% already this year—to record lows.

COVER STORY: CRYPTOCURRENCIES
Still in their infancy, cryptocurrencies could change the way that companies manage payments for the goods and services that are the essence of global trade. As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting—or not adopting—digital currencies.

CORPORATE FINANCING NEWS | FOREIGN EXCHANGE

MILESTONES: RUSSIA

Inflation in the eurozone slipped to 0.5% at an annual rate in March, its lowest level since 2009. The persistence of low inflation prompted policymakers to discuss quantitative easing (QE) and a negative deposit rate, putting some downward pressure on the euro.

CORPORATE FINANCING NEWS   By Gordon Platt   The European Central Bank’s refusal to ease monetary policy in the face of below-target inflation boosted the euro to its highest levels of the year in March, while the British pound rose ...

EMERGING MARKETS ROUNDUP By Antonio Guerrero Brazil posted a net foreign exchange outflow of $12.3 billion for 2013, marking the first negative balance since the 2008 global financial crisis—putting paid to Brazilian Finance minister Guido Mantega’s claims that developed markets ...

CORPORATE FINANCING NEWS By Gordon Platt The Japanese yen and the dollar rode an updraft in recent weeks caused by a flight to safety amid the emerging markets crisis. Meanwhile, the euro also was strengthened by the European Central Bank, ...

CORPORATE FINANCING NEWS   By Gordon Platt   Central bank policies in the major economies will likely be the main guide for currency exchange rates this year, analysts say. Janet Yellen’s confirmation as the new head of the Federal Reserve ...

ANNUAL SURVEY — STABILITY AMID CHANGE   By Gordon Platt   A global investigation into trading irregularities has not hampered growth or innovation in one of the world’s largest and most volatile markets—foreign exchange.   The $5.3 trillion-a-day foreign exchange ...

CORPORATE FINANCING NEWS   By Gordon Platt   Despite the euro’s surprisingly strong showing in 2013, analysts expect the dollar to advance against most major currencies this year. The euro won’t be allowed to continue to appreciate, or it will ...