BEIJING - China said on Wednesday it will consider major currencies in guiding the yuan, suggesting a departure from an effective dollar peg that has been in place since the middle of last year. The reference to a new set of benchmarks for determin
Banks that do not settle currency trades through a central system could be shut out of dealing at the best prices, according to one of the biggest foreign exchange banks. Zar Amrolia, global head of FX at Deutsche Bank, one of the three biggest fore
Average daily turnover in the UK foreign exchange market fell by a fifth in the six months to April as volumes slumped during the financial crisis.Prior to the financial crisis, turnover on the currency markets, the world’s largest financial market,
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