foreign exchange

Foreign exchange is the last unregulated asset class, but that is starting to change, with major implications for banks, brokers and investors.

Our readers share their views on the internationalisation of the renminbi.

British travel company Thomas Cook accepts $150 million bid from Fairfax Financial for its Indian business.

Despite talk of China’s currency reaching “equilibrium”, our readers reckon it still has plenty of room to rise.

The Swiss bank is building strength in its Japan foreign exchange team as yen flows buck the declining global trend.

Foreign exchange weakness has dramatically exacerbated declines in emerging equity markets as investors unwind carry-trades, according to Citi.

The Korean won and Indian rupee are the most exposed to a worsening of the Greek crisis, according to rigorous research by Nomura. The Taiwanese dollar and Thai baht are least vulnerable.

BNY Mellon is building its China team in an effort to woo more mainland clients with an increased product offering, such as renminbi foreign exchange and money market services.

Brown Brothers Harriman opens a new FX desk in Hong Kong while expanding its Asia and Japan coverage.