Bank of Japan Forecasts Trump-Driven Surge in Economic Growth
Bank of Japan Forecasts Trump-Driven Surge in Economic Growth – Financial Times (subscription)
Central bank keeps policy on hold and raises growth projections after yen slide.
- Fears Grow at BOJ That Trump Tweets Could Terminate Drastic Easing Program – Japan Times
- Yen Stronger Amid Uncertainty Over Trump, BOJ Stance – Market Watch
US Travel Ban Row Halts Dollar Recovery
US Travel Ban Row Halts Dollar Recovery – Reuters
The dollar dipped as investors sought the traditional security of the Japanese yen after new US immigration curbs put the spotlight back on President Donald Trump’s protectionist bent and the risks it poses for the economy.
Dollar Climbs More After Trump’s Mexico Comments
Dollar Climbs More After Trump’s Mexico Comments – Reuters
The dollar recovered another half a percent against a basket of currencies after President Donald Trump suggested he would push ahead with a 20 percent border tax on Mexico.
Mexican Peso Soars as Trump Orders Border Wall
Mexican Peso Soars as Trump Orders Border Wall – Wall Street Journal (subscription)
The Mexican peso surged more than 2% against the US dollar, confounding many traders, after President Donald Trump signed orders to build a wall on the Mexican border and clamp down on immigration. Read More
SEC Fines Citigroup, Morgan Stanley Over Forex Trading Program
SEC Fines Citigroup, Morgan Stanley Over Forex Trading Program – Reuters
Citigroup and Morgan Stanley each agreed to pay more than $2.96 million to settle charges they misled investors about a foreign exchange trading program they were selling, the US Securities and Exchange Commission said.
- Morgan Stanley, Citigroup Settle Misleading Claims Charges in Forex Trading Program – Wall Street Journal (subscription)
Sterling Steadies After Supreme Court Decision
Sterling Steadies After Supreme Court Decision – Profit & Loss
The UK Supreme Court has decided, by a majority verdict, that the UK’s parliament must approve the government’s decision to trigger Article 50, which formally starts the process for Britain to exit the European Union.
Dollar Drops as Trump’s ‘America First’ Speech Unnerves Traders
Dollar Drops as Trump’s ‘America First’ Speech Unnerves Traders – Bloomberg
The dollar extended losses when Donald Trump’s inauguration speech offered scant details on his fiscal policies while emphasizing an “America first” approach to foreign policy, spurring concerns of rising trade protectionism.
- Unease Over Trump Sends Dollar to One-and-Half Month Low – Reuters
- Trump Un-Nerves Investors, Denting Buck and Boosting Havens – Financial Times (subscription)
- US Dollar Weaker as Protectionist Talk Trumps Economic Stimulus – Wall Street Journal (subscription)
Dollar Dips Ahead of Trump Inauguration
Dollar Dips Ahead of Trump Inauguration – Financial Times (subscription)
Donald Trump will be sworn in on Friday as the 45th president of the United States of America and investors are waiting to see if the property mogul’s fiscal pledges can boost the world’s biggest economy and what further impact that will have on markets.
- Dollar Recovery Loses Steam – Wall Street Journal (subscription)
- Dollar Dips on Yellen Comments as Debate Over Trump Effect Deepens – Reuters
Lone Republican Commissioner Looks to Head CFTC
Lone Republican Commissioner Looks to Head CFTC – Financial Times (subscription)
The sole Republican commissioner at the main US derivatives regulator has thrown his hat in the ring to be appointed the next chairman, even as he embraced aspects of financial reforms that Donald Trump’s team wants dismantled.
Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC
Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC – Bloomberg
Two former currency traders from Deutsche Bank and HSBC Holdings were convicted of cheating the banks by making false trades.