Bank Mandiri, Doha Bank, and UOB share their insights on how new platforms and technologies are changing the way they do forex. When peer-to-peer international foreign currency and payments platform Midpoint collaborated with online accounting software company Xero, it was a boon for firms that needed to quickly pay their international suppliers in foreign currencies, but it was another blow to banks that until recent years were the preferred choice for settling international invoices. But aside from promising lower costs, these sleek new FX trading platforms are further enhancing their convenience and speed.
Below, find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Eric Theoret, Currency Strategist, discusses recent trade wars, the Fed, and how developments in the foreign exchange market present a risk to the US dollar as well as the Euro. Shaun provides fundamental and technically-driven commentary, research and trading strategies focused on major, emerging market currencies for the Bank and its clients.
Trade war is intensifying and broadening, and regional currencies are facing the brunt of the rise in uncertainty and downside risks. Trade wars take their toll on regional currencies The worrisome escalation in trade wars is causing global investment and trade momentum to weaken, but even before data related to those activities become available, currency markets have been reflecting the rising gloom and uncertainty. China, facing one salvo after another from the US on a nearly daily basis, has seen a sharp rise in CNY volatility.
The Asian financial crisis, also called the "Asian Contagion," was a sequence of currency devaluations and other events that began in the summer of and spread through many Asian markets. The currency markets first failed in Thailand as the result of the government's decision to no longer peg the local currency to the U. As a result of the devaluation of Thailand's baht, a large portion of East Asian currencies fell by as much as 38 percent.
Euronext announced the appointment of Topple as chief executive of Euronext London, head of global sales across asset classes and a member of the managing board in July last year. The pan-European exchange completed its acquisition of FastMatch in The Monetary Authority of Singapore has some strong initiatives to promote the region so it is the natural place to extend our geographical coverage.
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T he creation of the Asian currency market in Singapore occurred in the period when a number of offshore financial centers, such as those in the Caribbean area, were set up as intermediaries between several national capital markets and the rapidly growing Eurocurrency market. In most cases, the activity of offshore markets is limited to a straightforward intermediation between a major neighboring industrial country that restricts international movements of capital and the Eurocurrency market. The Asian currency market provides an intermediation function between several Asian countries and the Eurocurrency market.
Kelvin Wong July 19, AM. Index names may not reflect tradable instruments and not all markets are available in all regions. TAGS: Indices.
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