FX Market Monitor - 2nd Quarter 2014

A Look at Factors That Impact FX Markets

An ongoing debate has long persisted in the global currency or FX markets – is FX an “asset class” akin to stocks and bonds? While practitioners and academics may debate this point at length, perhaps the most practical answer is – does it really matter provided that investors may draw a return from currency investments?

The performance of the currency or FX markets is found in the exchange rates and cross-rates associated with the world’s myriad currencies. Many fundamental factors, including national economic conditions, monetary policies, current and capital account flows, impact the returns associated with the world’s currencies.

This document represents a review of these factors as they played out in the most recently completed calendar quarter. We include consideration of the so-called “carry trade” as well as a look at the theory of "purchasing power parity" as it impacts FX markets.

Read Full Report

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships


Global Offices Contact Information

Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.