Pre-reading

Pre-reading

The global FX problem demanding a local solution

Andrew Wood, business development manager at CMC Institutional, outlines the key considerations for firms seeking a liquidity provider, focusing on the importance of a strong local presence and how a comprehensive understanding of local customs and regulations in multiple jurisdictions can help a provider build its name globally.

Debelle swings at ‘buyer beware’ disclosures in FX

Guy Debelle, the new chair of the Global Foreign Exchange Committee (GFXC), is cautioning currency market participants that hiding behind ‘buyer beware’ disclosures that suggest customers are ultimately responsible for making poor decisions is not an excuse for bad conduct.

First Ibor versus SOFR cross-currency swaps trades

Westpac and Citi have struck what is believed to be the first cross-currency swap referencing an unsecured Ibor and the US secured overnight financing rate, in a trade that also breaks ground in an important market for Australian financial institutions.

Wells Fargo: US-China trade spat still a drag for Aussie

Lingering trade tensions between the US and China will continue to weigh down optimism for sentiment-linked currencies such as the Australian and New Zealand dollars in the short term, according to Brendan McKenna, a currency strategist at Wells Fargo Securities, which topped last week’s one-month currency forecast tables.