With U.S. tariffs on Canada, Mexico and China in effect, Trump reportedly pausing military aid to Ukraine and European leaders committing to ramp up defense spending, analysts are expecting to see ...

Emerging market currency activity grew at double the pace of developed market currencies from April 2022 to April 2025. With the launch of services like CME Group’s FX Tape+, the industry is moving ...

The Japanese yen surged against the dollar on Friday. It came after reports that authorities had intervened in the FX market after a drawn-out downturn for the yen. “FX intervention will only get them ...

Nonbank trading firms have made giant strides in recent years, taking share from traditional investment banks' core business of trading stocks and bonds, but there's one area where they’re struggling ...

Using data on four USD-pegged stablecoins and 27 fiat currencies, this paper documents spillovers from stablecoin-based foreign exchange (FX) to traditional FX markets. We document a gap between the ...

The FX market is the world’s largest and most liquid financial market, with daily turnover exceeding $7 trillion, according to the latest Bank for International Settlements (BIS) Triennial Survey. The ...

Currency traders are starting to use “implied prices” that connect buyers and sellers from the cash and futures markets, in a new effort to ease fragmentation in the industry. CME Group Inc. said more ...