Renminbi-denominated payments have fallen for the second consecutive month, after sustained growth throughout 2010 and most of this year, according to the latest data from SWIFT, the financial messaging platform spanning 209 countries.

Good demand at a Spanish bond auction helped underpin the euro, but the stellar rally in risk correlated currencies stalled as real money investors shunned the liquidity-driven party laid on by global central banks.

Near record bets against single currency; Banks road test Greek exit

Details of the Swiss National Bank’s balance sheet suggest that the central bank is in a good position to raise the floor in EURCHF to 1.25.

Gas exploitation set to reduce US deficit; SWFs will have less influence on dollar’s value

Six leading central banks stepped in to address the massive strain in funding markets on Wednesday, slashing the rate charged to access dollars and triggering a surge in risky assets that sent the US currency plunging.

DealHub, the trading software vendor owned by Options Computers, has launched what it believes are some of fastest proximity hosting services available at co-location centres in London and New York.

Unless crucial links in the chain of contagion are broken and sufficient resources are provided to cover all sovereign liabilities, the eurozone is doomed.

A dismal start to trading was suddenly reversed as China rode to the rescue of global markets and moved back into easing mode, pushing the dollar lower across the board

Increased FX volumes and volatility, due to the escalation of the eurozone debt crisis and fears over a global slowdown, led to much higher revenues at major FX banks in the third quarter, according to consultancy firm Coalition.

In November, the 7 billionth person on the planet was born. Here’s another statistic to make you sit up and take notice: according to ITU, the UN agency for information and communication technologies, there are 5.9 billion mobile phone subscriptions on the planet. In the US, the average number of devices per person is 4.3.

Foreign exchange provides the best return on equity of any capital markets business. To drive more volume through their franchises, banks need a successful prime brokerage business. For RBS, it holds the key to making up lost ground in foreign exchange.

Microfinance has its problems, but it can drive the economies of developing nations. So what if it wasn’t there? To find out, Euromoney went to the former Soviet republics of Tajikistan and Kyrgyzstan to meet its lenders and clients.

A survey of corporate treasurers from large multinationals showed that a vast majority have taken steps to minimise, and in some cases, avoid exposure to potential bank failures caused by a eurozone split.

Hungary’s National Bank raised interest rates on Tuesday as it attempted to arrest the slide in the forint, but few believe it will be enough to ease the pressure on its currency.

Crisis? What crisis? The euro continued to defy gravity on Tuesday as Italy saw good demand at a sovereign bond auction while sterling found support ahead of what was expected to be a dire UK budget statement

The Royal Bank of Scotland has hired Nomura’s former G10 spot trading head, according to an RBS spokesperson.

Recent price action in the USDJPY has seen it trade as high as 78.27 on Tuesday, and has come in tandem with increased demand for top-side strikes, option traders tell EuromoneyFXNews.

Leveraged accounts were strong buyers of euros in an active trading session on Monday as they locked in profit from last week's sell-off in the single currency.

News that financial firms are stress testing systems in case of countries leaving the Euro, comes nearly three weeks after Euromoney exclusively reported that one of the UK's largest banks is doing the same.

The global head of FX structured product sales at Credit Suisse, one of the leading FX structured product banks, has left the firm, according to two people familiar with the situation.

Euro crashed through $1.3250 following the worst Italian T-bill auction since August 1997, while the EURUSD basis swap reached new highs reflecting mounting eurozone concerns.

Lloyds Banking Group has hired a former UBS spot trading chief as its new global head of spot trading, the bank says in a statement.

Jim Dennelly, senior vice president, Sierra, SunGard’s capital markets business, writes that creating systems to manage and capture data holds the key to overcoming regulatory changes.

The UK has become Europe’s safe haven of choice, judging by action in the bond market, with the yield on benchmark 10-year gilts moving to stand lower than those on German bunds.

The yen has remained supported as escalating fears over global growth have driven haven demand for the currency, but worries over the sustainability of Tokyo’s finances could well reappear on the market’s radar.

The dollar’s long-term outlook will be greatly aided by lower reliance on Middle East energy, which will reduce the current account deficit that has long been a drag on the currency.

The euro finally breached 1.3440 level proper in Europe and hit a 6 week low of 1.3374 after a dismal result in the German 10-year benchmark Bund auction.

The eurozone debt crisis has finally hit the core and the euro is barely moving. That surely can’t last.