Credit Suisse will be merging its foreign exchange and emerging markets fixed-income businesses from January 1 2012 to form the new Global Currencies and Emerging Markets Group, the bank said in a statement.

Hotspot FX, the multi-dealer platform owned by Knight Capital Group, said month-on-month average daily volumes fell more than 18% in November.

EURUSD moved down towards $1.30, as stumbling blocks to the EU’s fiscal compact emerged, while traders warned that option hedging was likely to exacerbate the move lower in the single currency

The pound is acting as a safe haven against the euro, but the evidence suggests that its ability to act as a shelter from the current crisis is polarised.

The pace of the fall in the rupee to record lows against the dollar may herald an acceleration in the broad sell-off in other currencies in the region.

EURUSD tumbled to its lowest level since January after a break down through the October low of $1.3146 sparked a wave of selling.

The euro slumps as hopes fade that the EU summit made any progress on alleviating the immediate crisis engulfing the eurozone.

FX trading strategies expose investors to lower downside risks than investment in equities, according to research from the Bank for International Settlements.

The euro reversed early losses on reports that China was to create a new fund to invest in Europe, while speculation surfaced that Japan was covertly intervening to weaken the yen.

Further intervention from the Japanese authorities will be needed to stem the tide of safe haven inflows if the long term trend of a strengthening yen is to be halted, say Bank of Tokyo Mitsubishi UFJ.

Emerging markets are set to perform highly against their developed counterparts next year as the eurozone crisis eases, but analysts at Barclays Capital warn that business will remain risky in Egypt while the political situation remains uncertain

The euro took a tumble as European Central Bank president Mario Draghi quashed hopes that the bank was going to rescue the region’s debt markets.

Speculators were seen buying the euro, as the single currency held in a tight range ahead of a couple of days that could shape its future.

The CTA Research Corporation – the independent research firm that ranks the performance of alternative investment accounts and commodity trading advisers – has placed Anello Asset Management’s Isis FX program first in the latest consistency index.

Trading volumes on FX platforms at Thomson Reuters last month exceeded those on EBS, its main rival, for the first time since February as EURUSD trading volumes fell.

A change in Chinese currency policy should offer the dollar support as Beijing has less need to diversify its currency reserves.

Initial support for the euro evaporates as a German official torpedoes talk of doubling the financial firewall around the eurozone.

Foreign exchange volumes on major trading exchanges were down in November, the second consecutive monthly fall, according to company statements.

Average daily trading volumes on multi-dealer platform, FX Alliance, grew over 50% year-on-year in the third quarter but the firm's pre-IPO statement shows average transaction fees, its main source of revenue generation, continue to fall.

Speculation over a rise in the Swiss National Bank’s EURCHF floor rose on Tuesday as data showed the Swiss economy had gone deeper into deflation than expected.

A rating agency warning over stresses in the eurozone overshadowed any optimism that Germany and France were close to brokering a deal to rescue the region and pushed the euro lower. The chances of a rise in the EURCHF floor heightened as data showed Switzerland was suffering from deflation.

CME Clearing is the latest in a line of clearing houses that is accepting alternatives products as collateral

Average daily trading volumes on multi-dealer platform, FX Alliance, grew over 50% year-on-year in the third quarter but the firm's pre-IPO statement shows average transaction fees, its main source of revenue generation, continue to fall.

The euro was propped up by a series of positive headlines over the weekend suggesting that European leaders were getting to grips with the sovereign debt crisis, but traders remained positioned for the worst.

Speculative investors raised their bets on further dollar gains to their highest level this year amid fears over the escalating European debt crisis and its potential effect on global growth.

Greece’s currency will plunge by more than 50% while Portugal’s will also tumble in the event of a break-up of the eurozone, highlighting the need for investors to take account of renumeration risk, according to Nomura.

Cautious optimism that European leaders might be on the verge of delivering a deal to rescue the eurozone is keeping the euro supported, but currency markets are not getting carried away.

Short-term moves in EURUSD are likely to depend on the progress of political wrangling over the future of the single currency, but the longer-term outlook is more clouded, given the apparent turnaround in attitude at the European Central Bank.

One firm in particular will be celebrating if Greece, and indeed any other country, has to leave the euro – Fortress Paper.

Lloyds Banking Group has hired a former BNP Paribas chief as its new head of e-FX algorithmic trading, the bank reveals in a statement.