LONDON, May 4- Integrating China's yuan with global settlement system CLS will take years, despite a pressing need in the world's $5 trillion a day foreign exchange market, although the firm's Asia head says she is gradually getting through to policymakers. Hoey acknowledged that CLS, owned by dozens of the world's largest commercial banks and a crucial and... » Read More
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a look at the G20 currency discussions taking place.
Tensions over currency policies are high and traders are shedding short yen positions - it's time for your FX Fix.
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.
Simon Cox, Asia Economics Editor at The Economist says finance ministers and central banks should be fighting stagnation, not each other. He's joined by Michael Hewson, Senior Market Analyst at CMC Markets who says the weakening yen is justified.
Uwe Parpart, Managing Director, Head of Research at Reorient Financial Markets says Japan has a legitimate case to fight against deflation which will bring down its currency.
'Currency wars' will come to Moscow on Friday as finance officials from the Group of 20 nations spar over Japan's expansive policies that have driven down the value of the yen.
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.
When Venezuela announced a surprise devaluation last Friday, some big companies took hits to earnings. Could they have been better prepared?
The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that it is about to see its run as the world's premier denomination come to an end.
Last Friday I recommended selling the euro against the dollar, and with euro zone officials jawboning ahead of the G-20 meeting, the strategy still makes sense.
Russia fueled the G-20 currency war debate when the Russian finance minister criticized countries that are trying to stimulate their economies through currency devaluation.
Anton Siluanov, Russian finance minister, tells CNBC at the G20 meeting in Moscow that countries should not compete to devalue their currencies.
A contracting euro zone economy weighs on the euro, and waning risk appetite drags down the pound - it's time for your FX Fix.
Policymakers must be careful not to ratchet up rhetoric about "currency wars", which could lead to something worse happening, European Central Bank Vice President Vitor Constancio said on Thursday.
Paul Donovan, Deputy Head, Global Economics at UBS says currencies normally move 10-15% in a year and that the current currency moves are normal fluctuations.
Jesper Bargmann, Head of G11 Spot FX, Asia Pacific at RBS Global Banking & Markets says as long as the market expects easing measures, the pound will continue to weaken.
Jesper Bargmann, Head of G11 Spot FX, Asia Pacific at RBS Global Banking & Markets says the yen will break through the 95 level against the U.S. dollar.
Leong Wai Ho, Director & Senior Regional Economist, Barclays describes how the yen is taking a toll not just on corporates but on tourism as well.
The volatility in the currency markets has been high leading up to the G20 meeting, and it's giving this strategist a trading idea.
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.