Trump Drove Forex Trade Surges in First 100 Days: CLS Study
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Trump Drove Forex Trade Surges in First 100 Days: CLS Study – Reuters
A study of Trump’s first 100 days in office by currency market utility CLS shows the hourly surges in currency market volumes compared with the equivalent from the same trading day a year earlier around market-sensitive actions or comments by Trump or his aides. Read More
Mexican Peso, Canadian Dollar Stronger After White House Retreats from Nafta Exit
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The Canadian dollar and Mexican peso are holding onto earlier gains made against the dollar after the White House announced that it had “agreed not to terminate Nafta at this time”.
Are Traders Getting an Early Glimpse at UK Government Data? Currency Markets Suggest Yes
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A comparison of trading data for the Swedish krona and British pound may provide further evidence that some investors could be trading with knowledge of UK official statistics before they are published. Read More
Speculators Bullish on Mexican Peso for First Time Since 2015
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Speculators Bullish on Mexican Peso for First Time Since 2015 – Financial Times (subscription)
The Mexican peso has shed pretty much all its Trump-election risk premium, becoming one of the best performing major currencies in 2017.
Euro Jumps as Investors Cheer French Election Results
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Euro Jumps as Investors Cheer French Election Results – Wall Street Journal (subscription)
Analysts and investors see increased appetite for European assets.
Deutsche Bank Fined by Fed Over Lack of Controls
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Deutsche Bank Fined by Fed Over Lack of Controls – Profit & Loss
The Federal Reserve has announced two enforcement actions against Deutsche Bank that requires the bank to pay a combined $156.6 million in civil money penalties.
China Lifts Renminbi Capital Controls as Outflows Pressure Eases
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China Lifts Renminbi Capital Controls as Outflows Pressure Eases – Financial Times (subscription)
Central bank eliminates curb on outbound renminbi payments imposed in January.
Sterling Consolidates After Election Surge
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Sterling Consolidates After Election Surge – Reuters
Sterling hovered a cent below Tuesday’s six-and-a-half month highs against the dollar, the jury still out on whether it can make more progress on the back of optimism around the shock calling of a June 8 parliamentary election.
Sterling Recovers from Dip as Election Called
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Sterling Recovers from Dip as Election Called – Profit & Loss
Sterling dropped around 80 points as the market was spooked by news that UK Prime Minister Teresa May was to make a major announcement imminently, Cable falling to 1.2515 from1.2585 in a matter of minutes.
Dollar Set for Weekly Losses as Tensions with Pyongyang Rise
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Dollar Set for Weekly Losses as Tensions with Pyongyang Rise – Reuters
The dollar nursed losses, on track for a losing week as continuing tensions in North Korea underpinned the perceived safe-haven Japanese currency.