Salmon exits GFXC and BoE for private-sector opportunity

Chris Salmon: “The committee plays a vital role in maintaining the FX Code and in promoting its widespread adoption” Chris Salmon has left his positions at the Global Foreign Exchange Committee and the Bank of England (BoE) to pursue a career in the private sector, the GFXC announced on March 20. Simon Potter, executive vice-president […]

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Rand Bears Keep Rushing for the Exits Even as Rate Cut Looms

© Reuters. Rand Bears Keep Rushing for the Exits Even as Rate Cut Looms (Bloomberg) — Economists are predicting a South African rate cut on Wednesday. The market’s pricing in another later this year. Rand traders, it seems, couldn’t care less. Bearish bets on South Africa’s currency versus the dollar are at the lowest level […]

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