Hong Kong currency strength is being driven by carry trade players exploiting widening interest rate differentials – and now the HKMA is busily selling HKD to keep it inside its peg
Covid-19 is feeding into a demand shock for oil, sending it plunging to levels not seen for four years. How should corporate treasurers position their forex?
BNP Paribas is the latest bank to set up an FX trading platform in Singapore as the city capitalises on its geographic location to reduce latency in currency trades