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China Has Announced Plans For A ‘World Currency’

March 6th, 2015 (0)
The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, ...

Foreign Exchange Reserves in the Bank of Israel, February 2015

March 6th, 2015 (0)
Israel’s foreign exchange reserves at the end of February 2015 stood at $85,316 million, an increase of $651 million from their level at the end of January 2015. The increase was the result of: a.      A revaluation* that increased the ...

ESMA and RBA conclude MoU on access to data held in trade repositories

March 6th, 2015 (0)
The European Securities and Markets Authority (ESMA) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU) that will allow RBA to have access to data held in European Trade repositories according to its mandate. The MoU ...

GT Nexus selects Deutsche Bank for global cash management

March 6th, 2015 (0)
Deutsche Bank today announced its appointment as a global cash management bank for GT Nexus, the world’s largest cloud-based business network and execution platform for global trade and supply chain management. Deutsche Bank’s international cash management platform now offers ...

Commerzbank nears $1.4 billion-plus settlement with U.S. – sources

March 6th, 2015 (0)
Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp (7733.T) accounting scandal, according to two people ...

Friday March 06: OSB Commodities & Equity Indices Cheat Sheet & Key Levels

March 6th, 2015 (0)
OSB Commodities & Equity Indices Cheat Sheet & Key Levels for March 06. Gold Open 1200.20, High 1208.90, Low 1195.80, Close 1196.20, -0.39% Change. Silver Open 16.22, High 16.36… View table below

Fed’s Williams Says ‘Serious’ Rate-Rise Discussion Due Mid-Year

March 6th, 2015 (0)
Federal Reserve Bank of San Francisco President John Williams said mid-year may be time for a “serious discussion” about raising interest rates as the labor market nears full employment and inflation rebounds. The U.S. will reach maximum employment by ...

Friday March 06: OSB G10 Currency Pairs Cheat Sheet & Key Levels

March 6th, 2015 (0)
OSB Daily G10 Currency Pairs Cheat Sheet & Key Levels, March 06. EURUSD Open 1.1077, High 1.1114, Low 1.0987, Close 1.1029, -0.44% Change. GRBUSD Open 1.5263, High 1.5269… View table below

Dollar revved up for jobs data, Nikkei hits a high

March 6th, 2015 (0)
The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of ...

ECB decisions may prove to be a blessing in disguise

March 6th, 2015 (0)
Draghi adds 500 million euros to ELA, giving banks a breather European Central Bank Governor Mario Draghi announced on Thursday a board decision on Greece that may appear tough but in fact averts a default during March at least ...
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