Tag: Financial Times

January 06, 2016 BY Mike Fox

Record gap between renminbi rates widens as China devalues again

Today The Financial Times (FT) made note that the gap between the Chinese renminbi’s two exchange rates (offshore RMB and onshore RMB) has widened to a record spread. This has fueled speculation that China intends to allow its currency to fall at a faster rate than has previously been seen. Since August, the People's Bank of China (PBoC) said…

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February 27, 2014 BY Gerald Segal

Financial Times trashes retail forex trading

FT's article entitled 'Why would anyone trade forex?' shows clear misunderstanding of retail forex traders. LeapRate Exclusive.... In a follow up article to the news that FXCM had been fined £4 million by UK financial regulator FCA, the Financial Times ran an article questioning the basis of any retail trader participating in the forex industry, Indeed,…

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