Market conditions point to uneven global recovery, says Treasury official

Daleep Singh from the US Treasury
Daleep Singh, US Treasury

Improving economic conditions in the US are increasingly seen by market participants as a source of optimism but uncertainty over the pace of recovery in other regions remains high, a senior official at the US Department of the Treasury has warned.

Speaking at the FX Week USA conference in New York this morning, Daleep Singh, director of the markets group at the Treasury, stressed the need for greater demand growth in Europe and more balanced growth in Asia. He also discussed the market's

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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