Market Metrics That Matter: Cboe FX March Volume Highlights
Cboe FX posted a record‑breaking Spot Average Daily Volume of $74.5 billion in March 2026, a 42.9% jump from a year earlier. The platform also set single‑day highs of $109.1 billion on March 3 for Spot and $6.7 billion on March 6 for its SEF. ECN Firm ADV 2 climbed to $29.2 billion, representing 53.6% of total Spot ECN volume, while Metals ECN ADV surged 207% to $4.7 billion. Cboe’s U.S. Treasuries desk recorded a $1.9 billion day on March 31, underscoring broad‑based liquidity growth.
Washington Post Cites GeoEconomics Research on China’s Cross-Border Digital Currency Platform mBridge
The Washington Post referenced a new GeoEconomics study highlighting China’s cross‑border digital currency platform, mBridge. The research notes that mBridge, built on the digital yuan, now supports real‑time settlements among pilot banks in Hong Kong, Singapore and other Asian hubs....
China’s Yuan May Be Going Global Faster than Western Data Suggests, Analysts Say
Analysts argue that China’s yuan is expanding globally faster than traditional metrics reveal, as an increasing volume of cross‑border transactions now flow through the country’s own payment network, CIPS. Because CIPS and bilateral settlement channels bypass SWIFT’s messaging system, they...
America’s Currency Is the Global South’s Problem
The article argues that although the U.S. dollar’s share of global foreign reserves has been slipping since its 2001 peak, the decline is incremental, ensuring the greenback’s dominance for the foreseeable future. Nations in the Global South cannot simply wait...
The Guardian View on Japan’s Hidden Century: Cheap Money, Global Risk | Editorial
The Bank of Japan’s ultra‑loose policy has turned the yen into the world’s cheapest funding currency, fueling a massive carry‑trade that amassed roughly $435 billion between 2022 and 2024. A modest rate hike in March 2024 barely dented the trade, but the...
SGX FX Hires Finalto Exec Charlotte Garrett as Liquidity Manager
SGX FX, the foreign‑exchange arm of the Singapore Exchange, has hired London‑based Charlotte Garrett as Liquidity Manager to strengthen its UK operation. Garrett joins from Finalto, where she served as Operations Officer since 2024, and previously worked at TD Securities...
Sleijpen Says ECB Discussion Will Be Rate Hike or Hold: Podcast
Olaf Sleijpen, president of the Dutch central bank, told the College Leaders in Finance podcast that the European Central Bank’s next Governing Council meeting will focus on a binary decision: raise interest rates further or keep them unchanged. He indicated the...
FX Dos and Don’ts for CFOs Navigating Currency Volatility
U.S. companies with global exposure are confronting a fresh surge in foreign‑exchange volatility as the dollar strengthens amid geopolitical tension and divergent monetary policies. CFOs are being urged to move beyond reactionary hedging and adopt structured risk‑management frameworks that separate...
Vantage Announces Integration with MetaQuotes’ Ultency Matching Engine
Vantage Global Prime has integrated its institutional liquidity and multi‑asset suite with MetaQuotes’ newly launched Ultency Matching Engine for MetaTrader 5. The partnership lets MT5 brokers tap Vantage’s ultra‑low latency execution directly inside the native platform, eliminating the need for external...
Rates Spark: Markets Don't See A Solution Yet
Markets remain unsettled as President Donald Trump's rhetoric fails to provide a clear policy path, keeping oil prices elevated and risk aversion high heading into a long weekend. In the UK, investors now price roughly 50 basis points of Bank...
Central Banks' Inflation Mood Puzzle: More Judgment than Science
Central banks are grappling with how to gauge inflation expectations as an Iran‑driven energy shock filters through the economy. Traditional surveys and market indicators prove too slow, prompting policymakers to rely more on judgment and real‑time qualitative data. New tools—such...
Dollar Index Rally Runs Out Of Steam- UDN Is A Bearish Dollar Index ETF
Analysts rate Invesco DB U.S. Dollar Index Bearish Fund (UDN) a buy as the dollar index’s recent rally to 100.64 appears to be losing momentum. Long‑term bearish pressures—rising U.S. debt, de‑dollarization trends, and a shift of central‑bank reserves toward gold—continue...
ECB's Villeroy: The Next Change in Rates Is Highly Likely to Be Upwards
ECB Governing Council member Francois Villeroy de Galhau signaled that the next monetary policy move is likely an interest‑rate increase, though he stopped short of setting a timetable. He emphasized the central bank’s readiness to act whenever conditions demand and...
The USDCHF Based at a Key Support Target and It Led to Bounce. What Does that Tell You?
Greg Michalowski highlighted that the USD/CHF pair found firm support between 0.7888 and 0.7903, a zone that held and sparked a bounce higher. He argues that this technical foothold gave traders a clear, limited‑risk entry point despite a backdrop of...
CCIL Imposes Volatility Margin on Dollar-Rupee Forwards Amid Market Swings
The Clearing Corporation of India (CCIL) has imposed a 20 % volatility margin on dollar‑rupee forward contracts, effective immediately. The move follows sharp market swings after the Reserve Bank of India (RBI) tightened arbitrage restrictions, pushing the 1‑year implied USD‑INR yield...
How Long Can the Bank of Canada Look Through a US$100 Oil Shock?
BMO projects Canadian inflation edging just above 3% in April as oil prices breach $100 per barrel, yet the Bank of Canada keeps its policy rate steady at 2.25%. The governing council said it will "look through" the temporary energy...
The US-Israel War on Iran Is Accelerating De-Dollarization and America’s Decline | Ahmed Moor
The United States and Israel are spending roughly $12 billion each week on the war against Iran, a conflict that is reshaping global finance. Iran’s blockade of the Strait of Hormuz has forced about 100 vessels to pay a $2 million toll...
India’s Central Bank Makes It Harder to Short the Rupee
India’s central bank, the Reserve Bank of India (RBI), has tightened regulations on shorting the rupee. Effective immediately, the RBI increased margin requirements for rupee futures and introduced stricter reporting thresholds for large short positions. The move targets speculative bets...
Iran War Volatility Leads to 22% Leap in March 2026 Institutional FX Trading Volumes
The outbreak of war in Iran and the broader Middle East sparked extreme market volatility in March 2026, driving a sharp rise in institutional foreign‑exchange trading. Across leading eFX venues—FXSpotStream, Cboe FX, EuronextFX and Deutsche Börse’s 360 T—average daily volumes jumped between 14% and...
RBI’s Latest Attempt to Shield Rupee May Bring Near-Term Rebound
India’s central bank has moved to curb speculation on the rupee by prohibiting banks from offering non‑deliverable forwards (NDFs) to both resident and non‑resident clients, effective immediately. The RBI also reinforced a $100 million daily position limit for banks, aiming to...
No Need for a Rate Hike Unless Inflation Spikes: Economists
Indian economists briefed the Reserve Bank of India that a rate hike is unnecessary as long as inflation stays within the 2‑6% tolerance band. The discussion, held amid the West Asia war and soaring Brent crude at $110‑$120 per barrel,...
Japan Business Mood Improves as BOJ Weighs Rate Hike Chance
Japan’s large‑manufacturer business sentiment rose for a fourth straight quarter in the January‑March 2026 period, according to the Bank of Japan’s latest survey. The improvement comes as the BOJ signals it may raise interest rates later this year, a shift...
Why Europe Is Unlikely to Face an Inflation Surge
The European Central Bank (ECB) missed early warning signs of inflation in 2021‑22, prompting a delayed and aggressive tightening cycle. A new energy-price shock triggered by the Iran war has revived concerns, but the ECB now signals a faster, more...
RBI Says 98.45 Pc of Withdrawn Rs 2,000 Banknotes Returned
The Reserve Bank of India reported that 98.45% of the Rs 2,000 banknotes withdrawn in May 2023 have been returned to the system. The original stock of Rs 2,000 notes, worth roughly $43 billion, fell to about $660 million by March 31 2026. Exchange facilities at 19...
How Automated Forex Bots Help Traders Manage Market Volatility
Automated forex bots are gaining traction as traders seek to tame the constant volatility of the global currency market. By monitoring price movements and executing predefined strategies in real time, bots deliver millisecond‑level trade execution that manual traders cannot match....
Iran War Pushing India to Edge of a Currency Crisis
India's rupee has slid another 5.5% this year, making it Asia's worst performer in 2025 and hovering around 95 per dollar. Rising Brent crude above $100 a barrel has added roughly $5 billion to India's monthly oil import bill, intensifying pressure...
BOJ Policymaker Asada: How to Deal with Stagflation Is a Hard Question for Monetary Policy
Bank of Japan (BOJ) policymaker Kazuo Asada warns that rising oil prices are driving a stagflationary mix of higher inflation and weaker growth, posing a tough dilemma for monetary policy. Asada, a newly appointed member known for his Modern Monetary...
StanChart Among First Banks to Launch FPS Cross-Border Payment Service for Offshore Fin Institutions
Standard Chartered Bank Hong Kong (SCBHK) has become one of the first banks in Hong Kong to offer a Faster Payment System (FPS) cross‑border service for offshore financial institutions and PayTech firms. The service enables real‑time, 24‑hour settlement of payments up...
The Future-Ready CFO: Transforming Disruption Into Opportunity
The article outlines how the modern CFO is evolving from a traditional number‑keeper to a strategic, technology‑enabled leader who drives agility, sustainability, and value creation. It highlights real‑time treasury alerts, AI‑powered scenario planning, and sustainability‑linked financing as everyday tools for...
European Fiscal Support for High Energy Prices Still Targeted and Temporary
European governments are rolling out €200 billion (≈$215 billion) of fiscal relief to cushion households and energy‑intensive firms from soaring energy costs. The aid, delivered through cash transfers, tax rebates and temporary price caps, is deliberately narrow‑based and time‑limited, with most measures...
USD-Backed Stablecoins Fuel Nigeria’s Trade Amid FX Uncertainty
Fintech Verto’s CEO Ola Oyetayo says Nigeria’s recent naira volatility has pushed businesses toward USD‑backed stablecoins for cross‑border trade. Traditional banking liquidity dried up, prompting payment providers to use mixed local and global pools and dynamic pricing. The Central Bank...
Stronger Baht Hurts Travel
Thailand’s baht hovering between 30 and 32 per U.S. dollar threatens tourism competitiveness, with a worst‑case scenario of a stronger baht (>30/USD) potentially eroding 15‑17% of revenue. The Thai Hotels Association projects Songkran holiday bookings to fall 5‑10% year‑on‑year as...
Philippines External Position Improves as Net Liability Narrows in 2025
The Philippines narrowed its net external liability to $50.8 billion, or 10.4% of GDP, by the end of 2025, improving from $52.1 billion three months earlier. External assets grew 1% quarter‑on‑quarter, outpacing a 0.4% rise in liabilities, driven by higher reserve assets...
Ethiopia Holds Key Rate for Sixth Time as Oil Shock Rekindles Inflation Fears
The National Bank of Ethiopia kept its benchmark lending rate at 15 percent for a sixth consecutive meeting, maintaining a tight monetary stance as global oil prices surged to about $105 per barrel. The central bank cited inflation containment despite a...
Christopher Kent: Reassessing Australian Financial Conditions
In his KangaNews address, Christopher Kent explained how the Reserve Bank of Australia’s Monetary Policy Board evaluates financial conditions every six weeks to set the cash rate. He defined financial conditions as the cost and availability of credit, exchange rates...
Lisa D Cook: Reflections on Financial Stability
Lisa D. Cook, a Federal Reserve Governor and chair of the Committee on Financial Stability, reflected on the Fed’s evolving approach to systemic risk. She highlighted the Committee’s 2014 creation, the Financial Stability Report’s focus on four vulnerability channels, and the...
Peso Plunges Toward ₱61 per US Dollar Amid Oil Surge
The Philippine peso fell to a new low of ₱60.75 per dollar (≈ $1 = ₱60.75) on March 31, as rising oil prices and risk‑off sentiment lifted the US dollar. Trading volume slipped to $1.59 billion from $2.01 billion, and analysts expect the peso to hover...
InvestingLive Asia-Pacific FX News: Trump Open to Ending War without Hormuz Opening (WSJ)
Geopolitical tensions in the Gulf intensified as Iran struck a Kuwaiti oil tanker in Dubai, igniting a fire, while Saudi Arabia intercepted eight Iranian ballistic missiles aimed at Riyadh. Explosions erupted in Iran’s Isfahan amid U.S. and Israeli strikes, and...
Vetted FX Brokers vs Elite Trader: Which Is Better for Comparing Forex Brokers?
Choosing a forex broker now requires more than marketing promises, as traders face hundreds of platforms with varying spreads, execution speeds, and regulatory status. Review sites like Vetted FX Brokers and community forums such as Elite Trader have emerged to fill the information...
PBOC Sets USD/ CNY Central Rate at 6.9194 (Vs. Estimate at 6.9209)
The People’s Bank of China (PBOC) set the USD/CNY central reference rate at 6.9194 for the trading session, marginally stronger than the 6.9209 consensus estimate. The yuan is permitted to fluctuate within a +/-2% band around this benchmark. In parallel,...
Dollar Wraps Up Best Month Since 2022 Amid War in Middle East
The U.S. dollar is on track for its strongest month since September 2022, with the Bloomberg Dollar Spot Index up roughly 3% in March. The surge is driven by the outbreak of war in the Middle East, which has disrupted energy...
Assessing AI Powered Price Forecasting Tools in Currency Markets
Artificial intelligence is reshaping foreign‑exchange trading by offering sophisticated price‑forecasting models, yet the gap between back‑tested performance and live market results raises doubts about claimed accuracy. The article explains that AI tools use advanced architectures—RNNs, CNNs, transformers—and ingest diverse data,...
RBA Opens Door to Board Member Speeches in Transparency Push
The Reserve Bank of Australia announced that its monetary policy board members will begin delivering public speeches this year, a move designed to increase transparency around interest‑rate decisions. Academic Ian Harper and business leader Carolyn Hewson are slated to give...
Why Kenneth Rogoff Thinks China’s Yuan Will Be a Reserve Currency ‘in the Next 5 Years’
Harvard economist Kenneth Rogoff predicts China’s yuan will join the ranks of global reserve currencies within five years. He argues that the U.S. dollar faces a legitimacy crisis due to mounting debt, political fragmentation, and waning confidence among central banks....
It's a Very Light Economic and Event Calendar in Asia Today. Bank of Japan 'Summary'.
The Bank of Japan left its short‑term interest rate unchanged at the March 18‑19 policy meeting and issued a “Summary of Opinions” documenting the board’s discussion. The summary outlines members’ views on domestic and global growth, inflation, employment, and the...
Monday Open Indicative Forex Prices, 30 March 2026
ForexLive notes that Monday’s opening market is characterized by thin liquidity as Asian centers are still coming online, making price movements more volatile. The U.S. dollar is showing modest early strength against its peers. Traders are cautioned to expect swings...
Finance Ministry Flags Rising External Risks as Trade Deficit and CAD Expand
India’s external sector is under strain as merchandise exports slipped 0.8% year‑on‑year while imports surged 24.1%, driven largely by gold and silver purchases. The trade deficit more than doubled to roughly $27.1 billion in February 2026, widening the current‑account gap to...
The Dollar Is Still the Main Character in Both Forex and Crypto
Despite talk of decentralisation, the US dollar continues to be the core reference point for both traditional foreign‑exchange markets and digital‑asset trading. In forex, the greenback anchors major currency pairs, risk sentiment and reserve holdings, while in crypto, prices, stablecoins...
In Hawala Universe, It's a Partial Eclipse of Dollar
India's informal hawala market is trading the dollar‑rupee pair at a 1‑2% discount to the official rate, a rare reversal of the usual 2% premium. The shift stems from reduced gold smuggling out of Dubai, fewer Gulf‑bound travelers, and broader...
Analysis: What Might Trip up Kevin Warsh and His Agenda as Fed Chair
Kevin Warsh, a former Fed governor backed by President Trump, is poised for a contentious nomination as Federal Reserve chair. He advocates rapid rate cuts despite $100‑a‑barrel oil prices and rising inflation forecasts, while also promising to slash the Fed’s...