Foreign Exchange

Singapore, Japan central banks extend bilateral currency swap program

Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.

Singapore, Japan central banks extend bilateral currency swap program

Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.

ICBC, CCDO, SGX to endorse new renminbi bond indices

The new bond indices can be used as performance basis for investing in RMB bonds.

Singapore ranks as the world's third largest foreign exchange centre

Average daily FX trading volume hit $870.63b in April.

Hang Seng Bank adds forex functionality to AI-powered chatbot

Users can request data on current rates and detect nearby FX ATMs.

Standard Chartered launches one-stop digital forex platform

It allows clients to personalise watchlists and price alerts.

Too crowded bets on “7” for USDCNY could be dangerous

Chinese yuan has been under pressure in recent weeks due to the double dip in recent ecomomic data and more importantly, the escalating trade war with...

Singapore to dominate forex with sub-second speeds

MAS looks for ultra-fast platforms that could route currency trades in milliseconds.

Taiwanese banks' yuan deposits up to $42.34b in March

RMB deposits held by offshore banking units rose by $200m to $5.06b.

Japan boosts money laundering defences

MUFG Bank and Mizuho Bank will halt international cash remittances from June.

Citi to set up FX pricing and trading engine in Singapore

It will feature a proprietary pricing and hedging algorithm and offer 23 spot currencies.

Taiwanese banks' yuan deposits shrinks to 4-year low in December

This represents the third straight month of decline.

Korea slaps $600,000 fine on 4 global banks over forex rigging

JP Morgan Chase faced the highest penalty of $223,000.

Singapore leads innovation in Asia's forex sector with distributed ledger and eFX

It rolled out Project Ubin, a collaboration exploring blockchain for settlement of payments and securities.

Indonesia's big 4 banks hold firm against tumbling rupiah

Their low dollar balance sheet cushions the blow.