Currency news

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Renminbi internationalisation stalls at the end of 2016

Posted on: 26 January 2017 | Source: SWIFT

Data from SWIFT's renminbi tracker shows that the payments value for the renminbi decreased by as much as 29.5% in 2016 when compared to figures from 2015.

CLS signs MOU with Chinese think tank to support China’s economic development

Posted on: 23 January 2017 | Source: CLS Group

The MOU states that CLS and the NIFD will work closely together to support China's economic development and the internationalisation of the renminbi.

New analysis claims Pakistan state-sponsored counterfeits responsible for India’s banknote withdrawal

Posted on: 24 November 2016 | Source: Allan & Associates

Analysis from risk information service, A2 Global, shows that state-sponsored counterfeit banknotes from Pakistan are responsible for India's withdrawal.

SWIFT data shows euro overtaking RMB in trade finance

Posted on: 23 November 2016 | Source: SWIFT

SWIFT's RMB Tracker shows that the euro is overtaking the Chinese currency as the most actively used in traditional trade finance.

DTCC research highlights challenges for RMB internationalisation

Posted on: 14 November 2016 | Source: DTCC

DTCC research calls for coordinated efforts by industry participants to understand RMB policy and market changes currently underway in the Asia region.

FX input volumes up to seven times normal levels during election results

Posted on: 9 November 2016 | Source: CLS

CLS' input volumes figures for the night of the US election results show huge spikes in FX trading activity, especially in the USD/MXN pairing.

Widespread adoption of Blockchain by banks is at least six years away

Posted on: 12 October 2016 | Source: SIX Securities Services

New research from SIX Securities Services reveals that over three quarters of financial organisations are experimenting with Blockchain though many fear there is ‘no real solution yet’...

Deutsche Bank makes its first cross-border RMB netting transaction

Posted on: 21 September 2016 | Source: Deutsche Bank

Deutsche Bank has executed its first cross-border RMB netting transaction, consolidating approximately 2000 cross-border payments into a single transaction...

BIS triennial FX survey shows fall in turnover

Posted on: 2 September 2016 | Source: Luke Antoniou, FX-MM

The results of the triennial survey carried out by the Bank for International Settlements have shown that there's been a slowdown in FX trading...

RMB continues penetration of South African market

Posted on: 24 August 2016 | Source: SWIFT

SWIFT's RMB Tracker shows a 65% increase in usage of the currency as payment method in exchanges, now up 112% in the last two years...

trueEX provides BRL execution for swaps cleared by CME

Posted on: 17 August 2016 | Source: trueEX

trueEX announce a new solution that will provide Brazlian real (BRL) execution for interest rate swaps that are cleared by CME Group...

RMB growth steadies ahead of further internationalisation

Posted on: 21 July 2016 | Source: SWIFT

SWIFT's RMB Tracker has shown the Canadian dollar has overtaken the Chinese currency, as RMB use drops to sixth most frequently used...

EMTA & CME Group adopt MOEX USDRUB FX benchmark

Posted on: 7 July 2016 | Source: Moscow Exchange

Moscow Exchange's USDRUB benchmark is set to be adopted by both CME Group and recommended by the Emerging Markets Traders Association...

Kraken acquires Dutch bitcoin exchange CleverCoin as industry consolidation accelerates

Posted on: 28 June 2016 | Source: Kraken

Kraken boldly acquires third digital currency exchange of 2016, cementing dominant position in Europe as interest in bitcoin and ether rises...

RMB adoption improves across India

Posted on: 27 May 2016 | Source: SWIFT

SWIFT’s RMB Tracker shows that the Renminbi is the fourth most active currency for payments between India and China/Hong Kong by value while the US dollar continues to dominate the corridor...

 

 

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