Stating that, “All central banks in the European System of Central Banks (ESCB) are strongly committed to supporting and promoting adherence to the Foreign Exchange Global Code of Conduct”, 15 of the ESCB central banks, including the European Central Bank itself, simultaneously issued Statements of Commitment to the Code.
Sterling slipped from a two-month high against the dollar, getting only a temporary boost from better-than-expected UK manufacturing data, as investors flagged concerns about Britain reaching a deal with the EU over the Irish border.
The dollar pared losses on hopes that the Senate may be closer to passing a Republican-led tax overhaul.
The euro climbed for a third consecutive day as investment flows propped up the single currency and the region’s brightening growth prospects attracted investors despite falling bond yields.
Bitcoin hovered around $9,600 in volatile trade, after tumbling about 15 percent from an all-time high hit this week as some money managers warned ominously of a bubble and further falls in the stratospheric cryptocurrency.
- Bitcoin Volatility Intensifies While Exchanges Struggle with Demand – Bloomberg
- Bitcoin Goes to the Big Four: PwC Accepts First Digital-Currency Payment – Wall Street Journal (subscription)
- Bitcoin and the Fear of Missing Out – Bloomberg
Bitcoin is a poor currency and a crazy investment – but the technology behind it is a real breakthrough.
China’s hopes of achieving global acceptance for the renminbi have been set back by data showing the share of international transactions in its currency at its lowest level in more than three and a half years.
The first three platforms to report FX average daily volume (ADV) for November indicate activity stayed around year’s highs.
With more information becoming increasingly accessible to a wider set of FX market participants, are we witnessing the democratisation of data?
FX market participants have benefited from guidance on good practices and the availability of sophisticated technological solutions, but implementing a surveillance programme remains a considerable undertaking.
A vigorous, regulated bitcoin futures market could make the Securities and Exchange Commission more comfortable with bitcoin exchange-traded products, an agency official said.
Wall Street banks and big regional lenders are scrambling to secure changes to a US Senate bill easing rules on smaller banks ahead of a key lawmaker meeting next week, several bank lobbyists told Reuters.
The Senate Banking Committee is scheduled to vote Tuesday on the nomination of Jerome Powell to be the next Federal Reserve chairman, the panel said.
LCH SwapAgent, a service for the non-cleared derivatives market, has processed its first cross-currency basis swap.
Michael DuCharme has joined Mesirow Financial as director, currency solutions within its currency management business, which provides custom risk solutions, ranging from passive to active currency risk management.
James Binny, head of currency for Europe, the Middle East and Africa at State Street Global Advisors (SSGA), has been appointed global head of currency, replacing Collin Crownover who will become global head of fixed-income, currencies and commodities multi-sector solutions.
Finn will co-head Citi’s FX unit along with Venkat Swami, parting ways with Deutsche Bank after a decade.
Most Asian currencies were subdued as investors sought clarity after a vote to pass a US tax reform bill, which could potentially strengthen the dollar, was delayed.
Central European currencies eased as the dollar’s wobbles fuelled uncertainty, overshadowing a batch of powerful manufacturing indices released in the region.
The speed at which the Venezuelan bolivar is sinking against the dollar is hard to fathom.