currency

The Japanese yen has hit a 15-year high against the US dollar against a backdrop of inaction by the Government.

US asset manager WisdomTree has listed an actively managed ETF investing in emerging markets local debt, on NYSE Arca.

Deutsche Bank has unveiled two db x-trackers ETFs on the London Stock Exchange, providing exposure to currency in either US dollar or sterling-hedged share classes.

US asset manager Van Eck Global has launched an ETF providing exposure to bonds issued in local currencies by emerging market governments.

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.

ETF Securities has unveiled 12 currency exchange-traded notes (ETNs) on Xetra in Germany.

China has set the renminbi-dollar exchange rate at its highest level in five years, after announcing it would make its currency more flexible.

Insight head of currency Dale Thomas expects sterling to remain weak for some time due to the current mix of tight fiscal and loose monetary policy.

ETF Securities (ETFS) is due to unveil 22 currency exchange-traded commodities (ETCs) on the London Stock Exchange in the coming weeks.

Investec Asset Management, which runs over $4bn in active currency funds, believes sterling is the cheapest of all major global currencies.