Tuesday’s fixing of the USDCNY reference rate at a record low 6.3425 by the People’s Bank of China (PBoC) shows the nation’s policymakers remain firmly focused on controlling inflation.

Adrian Lee & Partners, the independent asset manager specializing in quantitative-led currency management for institutional investors, has hired three new portfolio managers as part of the firm’s strategy to expand.

Leveraged funds’ USD long positions were firmly above 100,000 for the fourth consecutive week, while EUR net shorts edged higher as investors remained wary of risks surrounding the eurozone, reveals the latest Commitment of Traders report.

The Singapore Exchange has launched its clearing service for over-the-counter traded Asian non-deliverable forwards (NDFs).

Emerging market local currency bond funds experienced outflows for the fifth consecutive week, HSBC states in a report.

Hotspot FX, the multi-dealer platform, owned by Knight Capital Group, said month-on-month average daily volumes rose 8.1% in September.

CLS Group, operator of the largest multi-currency cash system, has hired Martin Ingell as director of internal audit, the company said in a statement.

The most influential companies and financial institutions that trade the Swedish krona believe that the currency is likely to trade within a tight range for the rest of the year, states a bi-annual survey by SEB.

UniCredit has hired Bernd Broeker, the former head of FX options at Nomura, as a consultant to work on the bank’s foreign exchange business strategy in London, a source familiar with the situation has told EuromoneyFXNews.

Global macro, the hedge fund strategy with the largest component provided by currency exposures, was again among the top performers for the month in September.

Royal Bank of Scotland has hired Fabian Shey – the former global co-head of FX and money markets at UBS – as global head of futures, prime services and electronic markets in the bank’s fixed-income, currencies and commodities business.

This month’s EURUSD rally appears to be faltering as realization sets in that the eurozone’s grand plan is not likely to be implemented anytime soon and the fundamental economic outlook continues to look bleak in Europe.

Leveraged funds’ remained short in EUR, GBP, CAD and MXN but the net short position in EUR moderated for the third straight week, reveals the latest Commitments of Traders report.

The announcement by People’s Bank of China on Friday to allow overseas-acquired renminbi funds to be remitted back into China will help boost liquidity in the fast-growing offshore RMB currency markets (CNH).

Oanda, the Canadian-owned online foreign exchange trading platform, has introduced 17 new precious metal pairs that cross gold and silver with major and minor currencies.

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The implied volatility structure on the Singapore dollar (SGD) is likely to rise after the Monetary Authority of Singapore has shown willingness to allow the SGD to traverse the full width of its prescribed currency band, which was unchanged in Friday's policy announcement, according to Credit Suisse.

Commerzbank has hired the former global head of FX at Unicredit, Nick Crawford, as global head of FX trading, a bank spokesperson has confirmed.

Lloyds Corporate Markets has hired Bruno Widmer, the former global head of FX bank sales at Citigroup, as head of bank and e-sales, according to two people familiar with the situation.

In a brutally volatile September, which saw many hedge funds lose money and most of the remainder only just manage to keep their heads above water, managed futures outdid other hedge fund strategies in delivering returns for investors.

A loss of confidence in Europe poses severe negative macroeconomic effects and financial spillover risks to Asia, claims the International Monetary Fund.

The International Monetary Fund’s latest report warns of a macroeconomic and financial spillover in Asia, as it forecasts a slowdown in the area’s growth, while increasing the number of downside risks

Bank of America Merrill Lynch has hired David Moore as global head of structured rates and currencies in New York, a spokesperson at the bank has confirmed.

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UBS has made a series of key hires in Europe and Japan, appointing Regis Bourget as executive director on the FX institutional sales desk in Paris and Toshimasa Fujii, John Shen-Nagakura and Ko Haruki as executive directors on the Tokyo FX sales desk, says a UBS spokesperson.

Anello Asset Management, the independent alternative investment manager and specialized managed account provider, has hired Stuart Barron to manage its new Diversified Futures Program.

Mandy Lam has joined the Global Financial Markets Association’s global FX division as managing director for North America.

Emerging markets currency indexes suffered losses in September and dipped into negative returns for the year as investors fled higher-yielding currencies for safe havens, amid market turmoil surrounding the European sovereign debt crisis, according to data from an independent index provider.

The latest Commitment of Traders report, issued on Friday by the Commodity Futures Trading Commission, showed long positions in dollars were trimmed while the notional USD value of EUR net shorts decreased. Monday trading sees risk correlated FX rally.

Morgan Stanley claims investors have renewed medium-term selling opportunities thanks to GBPJPY rebounding above 120 in the current risk-on environment, as the downside risks to sterling remain strong.