©David Bromley

In this report

Investors and economists are divided on whether currency wars are still taking place, if they ever did

‘Caipirinha Crisis’ causes real pain

Amid scandals and slowdowns, the currency is suffering


Russia learns to live with the fallen rouble

Its collapse has brought unexpected benefits

New fronts open up in rekindled currency wars

From Sweden to China, central banks are undermining their money for global advantage

Swiss franc

Investors must beware Frankenshock 2.0

The currency may yet have horrors in store

Saudi Aramco’s oil facility in Dammam
©AFP / Getty Images

Gulf nations left to raid reserves

Oil’s new low is breaking the bank in Saudi Arabia, Oman and Bahrain

Brazil’s real suffers a reality check

Fund managers have been stumped by pace and scale of decline in sentiment towards emerging market

Customers shelter under umbrellas from the rain as they queue around the block to exchange their euros for Swiss francs outside a Change Migros, a bureau de change currency store in Geneva, Switzerland
©Simon Dawson/Bloomberg

Swiss seek path to franc credibility

The country’s pensions market has been hit hard by the central bank’s negative deposit rates

Loretta Lynch, US attorney general
©Andrew Harrer/Bloomberg

Forex rigging scandal still hangs over banks

Legal community divided over extent of damages claims facing several global banks

Chinese devaluation divides observers

Opaque tactics on currency are hard to read

Kevin McPartland, head of research for market structure and technology at Greenwich Associates

Russell Investments maintains ‘revolutionary’ zeal

RFX trading platform is biding its time

Also read

Automated algorithms offer greater choice, but risks remain

Investment banks are competing to offer the best packages in an effort to win clients

Market fixing inquiry gathers pace

Investors are becoming increasingly alert to every step regulators take

Bitcoin poised to shake up government-run currencies

Practical issues may reshape landscape in the longer term

Hopes rise of a revival for active currency funds

Interest is being rekindled, but can profits reach halcyon pre-crisis levels?

Industry evolves as G20 regulations take effect

A combination of public scrutiny and regulation is driving market participants to rethink their approach to forex

Joint lawsuit filed over forex claims

US investors have begun proceedings over alleged price rigging

Automation gets fillip from forex rigging allegations

Buying and selling currencies over the phone is coming under renewed pressure

Japan love of high-yielding currencies dwindles

Emerging markets sell-off has been a reality check for retail investors

Finance briefing: Foreign exchange market and why it matters

The impact of rate rigging

China takes slow boat to currency liberalisation

Corporate governance remains a stumbling block to capital inflows

Abe can take credit for currency-hedged equity ETF craze

Investors can take advantage of broad economic recovery and avoid forex risks

Forex: window shopping and booby traps

Managers report cautious but growing interest in increased exposure

Volatility: EM sell-off abates after summer storms

The Fed’s delay on the tapering of asset purchases has created a lull that is unlikely to last

Rate setting: Custodian banks defend their corner

Banks’ conflicts with clients are under scrutiny

Policies hamper dollar’s prospects

US government and Federal Reserve actions have left bulls disappointed

The rupee: the Cinderella of EM currencies?

Some investors believe the worst of the currency turmoil is now finally behind them

Fed action: ‘Taper talk’ scuppers Asian currency spike

Summer sell-off highlighted region’s economic frailties

‘Left for dead’ currency markets pick up

Expectation of rising bond yields may drive investors from fixed income to equities

Emerging markets still show upward trend

Institutional investors should address currency exposure issues

Options widen as China lures investors

Direct investment is now possible, but many remain wary

Trend becomes investor’s friend

Trending approaches have started to work, but systemic risks mean investors must stay alert

Euro still needs stronger fundamentals

The single currency is deemed to be overvalued, but will survive the crises

Custodians respond to focus on price

Market forces as much as legal actions have forced banks to control costs

To hedge or not to hedge

Foreign currency investment exposure should be tailored to the individual investor