The Australian dollar lifts as the central bank holds back on easing, and hedge funds see weakness in the British pound - it's time for your FX Fix.
If we accept that the renmimbi is on its way, banks should set up an ability to trade and settle the currency itself, as well as handle bonds and equity denominated in it, writes Moorad Choudhry.
The yen weakened across the board on Monday after Japan escaped direct criticism from its G-20 peers on its bold reflationary plans that have weakened the currency.
Australian Treasurer Wayne Swan dismissed talk of a 'currency war' in an interview with CNBC, but concedes that a strong Australian dollar is a concern for an economy that's heavily reliant on mining exports.
The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
The yen fell Friday after three days of gains against the U.S. dollar and the euro as a draft statement from the G-20 did not single out Japan trying to weaken its currency.
As G-20 finance chiefs from around the world meet on Friday to discuss fears of competitive currency devaluations, policymakers told CNBC that talk of a currency war was misplaced and discussions should instead focus on a how to heal the still fragile global economy.
The euro tumbled to a three-week low against the dollar and plunged against the yen Thursday after data painted a dismal picture of the euro zone's economy, increasing the likelihood of ECB action.
The yen traded flat against the dollar Wednesday, a day after sharply rising, as investors grew cautious ahead of a meeting of finance ministers and central bankers later this week.
A BofE pledge to help London become a global trading center for China's yuan has stirred talk of a revival in the city's fortunes, similar to the explosion of the U.S. dollar market in the 1960s and 70s.
The yen rebounded Tuesday, rising from a nearly three-year low against the dollar hit during the previous session, after a G7 official said a statement was meant to express "concern about excess moves" in the Japanese currency.
The euro rose against the dollar and yen on Monday after incurring heavy losses for three straight days as an ECB policymaker dismissed talk of intervening to weaken the currency.
The Group of Seven nations are considering issuing a statement reaffirming their commitment to "market-determined" exchange rates in response to heating rhetoric about a currency war.
The yen jumped Friday after Japan's finance minister said the currency's recent drop had gone too far, too fast, and doubts crept in about aggressive Bank of Japan action.
Comments from Japan's finance minister halt the yen's slide and strong retail sales lift the Swissie - it's time for your FX Fix.
Tao Wang, Head of China Economic Research, UBS said people should look out for inflationary signs in China, but not to read too much into it. She further explains why the economy has not "missed" the target.
The euro plunged against the dollar and yen on Thursday after ECB President Mario Draghi said the euro exchange rate was important to growth and price stability.
Erik Wytenus, Head of Foreign Exchange and Commodities at J.P. Morgan Private Bank explains how he thinks Shinzo Abe is going to break Japan's deflationary circumstance.
The euro slipped, with traders taking more cautious positions ahead of the ECB meeting in case its president Mario Draghi expresses concern about the high level of the euro.