Central banks are the “rulers of the FX universe”, with just seven currencies floating freely, according to RBS.

Lawyers have predicted China’s central bank decision to widen the renminbi (RMB) trading band against the US dollar will prompt a continued and gradual loosening of trading band widths, according to the International Financial Law Review.

Commerzbank has hired a former physics lecturer to establish a new FX quantitative solutions team.

MarkitServ, the dominant trade-processing vendor for the over-the-counter (OTC) derivatives market, has announced an agreement with Swift, the financial messaging provider, to deliver trades from Swift to multiple FX central clearing counterparties (CCPs) via its FX clearing gateway.

China’s State Administration of Foreign Exchange (SAFE) has ended its policy of requiring foreign exchange attained by companies and households to be sold to the banking system.

The New Zealand dollar lost ground after John Key, the country’s prime minister, warned that his government was considering what it could do to resist the currency’s strength, but intervention looks unlikely.

The Turkish lira and the Russian rouble might continue to offer some of the best opportunities, following a strong first quarter for CEEMEA currencies, says Citi.

More investors are finding that active foreign exchange strategies might be better suited as a supplementary strategy rather than a core strategy for seeking alpha, according to Pensions and Investments (P&I) online magazine, which cites asset consultants and pension executives.

The dollar and many Asian currencies look set to benefit from a boom in technology stocks that many investors have not yet noticed.

Barclays Capital had the largest market share among FX trading banks, according to an annual survey from Greenwich Associates.

The People’s Bank of China’s (PBoC) move to widen the renminbi’s daily trading band will likely lead to a steeper USDCNY non-deliverable forward (NDF) curve and greater convergence between the offshore and onshore market.

The People’s Bank of China (PBoC) has doubled the daily trading band for the renminbi, as it continues its push to internationalize the currency.

Speculative positioning in non-USD currencies on the CME has moved to the largest short since mid-January, according to the latest Commitment of Traders report issued by the CFTC.

CLS, the FX industry’s settlement system, has announced the appointment of a new interim executive chairman.

Renewed concerns over eurozone sovereign debt have sparked fresh outflows from the EUR according to Bank of New York Mellon, the world’s largest custodian bank.

Although official inflows into US assets are preventing the dollar from collapsing, they cannot lead to sustained strength in the currency, says BCA Research, one of the world’s leading independent providers of global investment research.

Tim Joyce, a London-based emerging markets FX options trader, has left JPMorgan after nearly seven years, a bank spokesperson has confirmed.

A G10 FX options trader at Credit Suisse based in Singapore, has left the firm, according to sources who spoke to EuromoneyFXNews.

The euro is the most undervalued G10 currency on a purchasing power parity (PPP) basis, according to Morgan Stanley.

The global head of options trading at BNP Paribas has left the bank, according to two people familiar with the situation.

The People’s Bank of China’s (PBoC) decision to launch a new cross-border payment system that facilitates greater use of the Chinese currency in international trade and investment is widely welcomed by the market, but experts believe that more loosening steps are needed, according to Asiamoney.

London-based CTA Sequent Capital has launched its diversified managed futures program on Deutsche Bank's dbSelect platform, according to EuroHedge.

David Dimmock, head of fx hedge fund sales at Société Générale in Hong Kong, has resigned according to Derivatives Intelligence.

The euro is the most undervalued G10 currency on a purchasing power parity (PPP) basis, according to Morgan Stanley.

HSBC believes the weakening of China’s structural and cyclical forces suggests the likelihood of another year of strong renminbi appreciation has decreased, according to Asiamoney, a sister publication to Euromoney FX News.

The IMF has warned that the scarcity of safe financial assets might lead to more frequent short-term spikes in volatility.

Credit Suisse’s head of EMEA electronic FX sales has left the firm, according to sources who spoke to EuromoneyFXNews.

TD Securities, the investment banking arm of Toronto Dominion Bank, has hired two people from Morgan Stanley to strengthen its US institutional FX business.

Nomura has appointed a former JPMorgan banker as its new global head of FX structuring.

Man Group, the global alternative investment manager, has hired Ravi Chari as co-head of foreign exchange at AHL, its systematic managed futures fund.