The Wiltshire Pension Fund has appointed a trio of managers each to its dynamic currency hedging and multi-asset absolute return framework agreements, reports Global Money Management, a sister publication of EuromoneyFXNews.

Reserve managers have continued their love affair with currencies other than USD, EUR, GBP, JPY and CHF, according to the latest Cofer data on reserve accumulation from the International Monetary Fund (IMF).

Speculative accounts on the Chicago Mercantile Exchange pushed their net short positions in the JPY towards record levels in the week to March 27.

Traiana, the post-trade services group for buy-side firms, has been certified to provide real-time connectivity to the over-the-counter derivatives clearing house IntercontinentalExchange.

US now cheaper than Brazil for production; Chile and Argentina also suffering

The size of the renminbi asset pool in Hong Kong is set to rise as the currency is used more for trade settlement and Chinese companies look to hedge their exposure, according to Asiamoney, a sister publication to EuromoneyFXNews.

RBC Capital Markets has announced it is connecting to Medusa, Digital Vega’s multi-dealer FX option platform.

China’s State Administration of Foreign Exchange (Safe) is encouraging dealers operating onshore to increase the innovation in FX options they offer to corporates for hedging purposes according to Derivatives Intelligence, a sister publication to Euromoney FXNews.

Brazil’s finance minister should prepare for a fiscal – not currency – fight.

UBS has hired Deutsche Bank’s former head of CEMEA FX options trading as its new head of Asia FX options, the bank has confirmed to EuromoneyFXNews.

Lloyds bank has made two further hires to its FX team as it continues the expansion of its franchise, reveals EuromoneyFXNews.

Credit Suisse has hired a new US head of global currencies trading, the bank confirmed to EuromoneyFXNews.

Russell Thompson, chief investment officer at The Cambridge Strategy – whose emerging market (EM) currency funds have delivered some of the most consistent returns in the sector – gives his perspective on investing in EM, offers some tips on the pitfalls on managing EM currency risk and highlights the changing dynamics facing the market.

Mrs Watanabe, the fabled yield-hungry Japanese housewife who likes nothing better than a bet on the currency market, looks to have taken up a new hobby.

The Mauritian Global Board of Trade (GBOT) has introduced a delivery mechanism to its existing cash-settled USDMUR contract, according to FO Intelligence, a sister publication to EuromoneyFXNews.

Streamlines derivatives processing; MarkitServ launches competing product

The restructuring at EBS, Icap’s electronic FX broking platform, has continued after the departure of chief executive David Rutter earlier this month with two senior executives leaving the company.

German companies have returned to their bearish view on the euro, as the euphoria over the easing of eurozone debt problems has subsided, according to a survey from Commerzbank.

Aon Hewitt’s annual survey of 150 fund managers, with a combined total of $22 trillion assets under management, shows that managers are anticipating an increase in demand for emerging market (EM) debt and equity among institutional investors in 2012.

Victoria Hampson, an institutional FX saleswoman at Deutsche Bank, has left the firm, sources tell EuromoneyFXNews.

The Hong Kong Monetary Authority (HKMA) says the price disparity between the offshore and onshore renminbi will continue but should close as the financial systems of Hong Kong and China integrate, according to Asiamoney, a sister publication to Euromoney FXNews.

All client classes sold the euro against the dollar last week, according to flow data from UBS.

The risk premium of slower Chinese growth might not be sufficiently priced into the Australian dollar, despite a recent decline in the exchange rate, according to JPMorgan.

Justin Gan, JPMorgan’s head of FX options in Asia, is retiring from the firm after seven years to spend more time with his family, according to an internal email seen by EuromoneyFXNews.

Merk Investment plans to follow in Pimco’s footsteps and market its flagship FX fund in an exchange-traded fund (ETF) wrapper, according to a regulatory filing.

There is a clear seasonality in US data surprises, which points to a high risk that the dollar’s recent gains might not be sustainable.

An internationalised renminbi and open Chinese capital account is poised to marginalise Hong Kong’s clout as a financial hub and offshore currency centre. The city must leverage its position while it can, says Asiamoney, a sister publication to Euromoney FXNews.

The net long position in AUD dropped by a third, as currency speculators on the CME added more than $2 billion-worth of short contracts and concerns of an Asian economic growth slowdown weighed on sentiment towards the currency.

Nomura has hired Antony Foster as its new head of G10 spot trading for EMEA, according to sources who spoke to EuromoneyFXNews.

Fears of a breakdown in the renminbi-appreciation trend might be overblown, though investors should expect higher volatility in the currency as China liberalizes its capital account.