FOREX LAND

 

Sun, 01 May 2016 05:25:40 GMT

U.S. designation not to change Korea's FX policy
The Korea Herald
With Korea recording a bilateral trade surplus with the U.S. at $28.3 billion, accounting for 7.7 percent of its GDP in 2015, well above the Treasury monitoring threshold of $20 billion and 3 percent of GDP, Korea was included on the foreign exchange ...

Sun, 01 May 2016 04:38:34 GMT

[ May 1, 2016 ] Foreign exchange earnings drop by $7.05bn BUSINESS & ECONOMY
FINANCIAL WATCH (press release) (blog)
The Nigerian economy recorded a decline of $7.95bn in foreign exchange inflows in the last quarter of 2015, figures obtained from the Central Bank of Nigeria have revealed. The CBN said in its economic report for the fourth quarter of 2015 that the ...

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Sun, 01 May 2016 03:59:46 GMT

Nations with surpluses on watchlist
Himalayan Times
Still, Treasury said it would closely monitor the five countries' economic trends and foreign exchange policies. In its semi-annual report to Congress on the economic and currency policies of a dozen major trade partners, the Treasury did not label any ...

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Sat, 30 Apr 2016 02:08:04 GMT

Yuan at High Risk amid Liquidity, Econ Data and Commodity Volatility
Nasdaq
Both the onshore (CNY) and offshore Yuan (CNH) closed at a slightly higher levels against the US Dollar on Friday, following the biggest move in Yuan's daily reference rate set by China's Central Bank in over 10 years. The daily fixing was lifted by ...

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Fri, 29 Apr 2016 14:28:37 GMT

Financial News (subscription)

BNY Mellon and IBM collaborate on blockchain project
Financial News (subscription)
Global custodian BNY Mellon is working with IBM on a new project aimed at using distributed ledgers to trade and transfer assets, as financial firms ramp up experiments to test uses for the nascent technology. ... In April, the US Depository Trust and ...

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Fri, 29 Apr 2016 04:16:02 GMT

Bloomberg

One of These People Could Be the Next U.S. Treasury Secretary
Bloomberg
The role is U.S. Treasury secretary — spokesperson for the world's reserve currency, economic cheerleader, financial market regulator, signatory of the almighty buck. ... Cruz named the former senator as an economic adviser last month. As Senate ...

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