Search Results for: currency market
Emerging-Market Target Practice
June 26th, 2014
Central bankers want only a few things. To achieve any of them they usually seek to nudge inflation expectations, demonstrate the transparency of monetary policy, and establish their institutions’ credibility. To communicate their intentions simply and clearly, they may ...
Emerging Markets: What Has Changed
June 20th, 2014
1) Russia continues to liberalize the currency and move to an inflation targeting regime 2) Political risk is rising in Poland 3) South Africa came under renewed rating downgrade pressures 4) The Chinese yuan’s one-way depreciating bet appears to ...
‘Bitcoin Bowl’ deal with BitPay brings Digital Cryptocurrency closer to Legitimation
June 19th, 2014
To win over a public still skeptical of digital currencies and to get some good headlines in a year marked by bad press for its falling price and bankruptcy scandals, bitcoin promoters are turning to America’s favorite pastime – ...
China and UK establish direct currency trades
June 19th, 2014
China and the UK have started the direct trading of the yuan against the pound, in a move that will help reduce currency conversion costs. Both sides are hopeful the direct yuan-sterling trade will help facilitate two-way investment and ...
Greenpeace loses £3m in currency speculation
June 16th, 2014
Environmental group apologises for record losses last year after employee lost campaign funds on international currency markets. Greenpeace International last year lost €3.8m (£3m) of donations through speculation on currency markets. According to a statement released on Sunday, in ...
Bitcoins Seized From Silk Road Marketplace To Be Auctioned
June 13th, 2014
The United States government is planning to sell one of the biggest caches of bitcoins, a hoard that’s part of the bitcoin cache seized in October from the Silk Road marketplace, which was used for buying and selling drugs, ...
HM Treasury, the BoE and the Financial Conduct Authority announce Fair and Effective Markets Review
June 12th, 2014
The British government has announced in a press release publishing the Fair and Effective Markets Review the strategic steps to follow in order to raise standards of conduct in the financial system. The review was conducted jointly by the Treasury, the ...
Currency Carry Trades Rise in ECB’s Negative-Rate World
June 10th, 2014
Mario Draghi is becoming one of currency traders’ only friends. With the $5.3 trillion-a-day foreign-exchange market poised to deliver its worst first-half returns on record, the carry trade is about the only way traders are making money by exploiting ...
Bitcoin’s Futile Quest to Be a Currency
June 2nd, 2014
Bitcoin is a fascinating and ingenious technology, but most promoters are mindful of neither the monetary nor the tax issues. For all practical purposes IRS regulations issued in March preclude bitcoins from being used as an alternative currency. The ...
Euro feels impact of European elections – Euro Currency update
May 27th, 2014
Currencies Outlook of May 27th The Euro The Euro is weaker against most of its rivals as the impact of last week’s European elections continues to be felt. Victory for Euro-sceptic parties weighed upon the single currency. Also piling ...
