Foreign Exchange
China, Africa using more RMB for direct trade settlements
China, Africa using more RMB for direct trade settlements
Bank of China says more direct RMB settlements needed.
This is why the currency's decline is credit positive for Australian banks
It reduces the banks' offshore funding task.
MAS loses S$10.61 billion as currency strengthens
It’s the second loss in three years.
China denies foreign exchange withdrawal
Chinese banks post forex deficit of US$400 million in June.
China banks' June net forex sales plunge 62%
Dramatic drop suggests accelerating capital outflow.
Bank Indonesia’s first FX swap auction oversubscribed
Takes in US$1.24 billion.
Renminbi edges closer to full convertibility
Could attain this aim by 2020.
Frankfurt aims to become key renminbi center
ECB to sign US$130 billion currency swap with China.
Big Four Aussie banks' FX markets dominance challenged by Western Union, AMEX, OzForex
The banks' Spot FX market share fell to 64% in April 2013.
China and the UK agree on currency swap line
It’s the first such deal with a Group of Seven country.
3 big reasons behind tightening liquidity among Chinese banks
What has PBOC done so far?
Taiwan banks could issue renminbi loans in Xiamen
China intends to boost renminbi flows between Xiamen and Taiwan.
China banking system’s net forex purchases plunge 340%
Capital inflows suggest renminbi appreciation.
ICBC Singapore to start clearing renminbi
Will start doing so for participating banks today.
Deutsche Bank named Asia's leading foreign exchange bank for 9th consecutive year
DB has 19.81% market share.
China enters into currency swap arrangement with Pakistan
Was implemented May 7 after issuance of necessary instructions to banks.
China gets tougher on renminbi speculation
New rules immediately cause renmnbi to fall against the US dollar.
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