Dollar Stabilises After Trump’s Intervention
Top Headlines
Dollar Stabilises After Trump’s Intervention – Financial Times (subscription)
The dollar is regaining some poise after president Donald Trump sent the currency sliding yesterday with his surprising assertion that the buck is “too strong”.
Yen Hits Multi-Month Highs as Risk-Off Mood Persists
Top Headlines
Yen Hits Multi-Month Highs as Risk-Off Mood Persists – Reuters
The yen hit five-month highs against the dollar, euro and sterling, as simmering geopolitical tensions checked risk appetite and put the safe-haven Japanese currency in favour.
Dollar Edges Down as US Treasury Yields Slip on Geopolitical Fears
Top Headlines
Dollar Edges Down as US Treasury Yields Slip on Geopolitical Fears – Reuters
The dollar fell in Asian trading, as concerns over tensions with North Korea and Syria weighed on US Treasury yields and offset expectations of US interest rate hikes. Read More
South Korea’s Won Weakens as US Deploys Ships to Nearby Waters
Top Headlines
South Korea’s Won Weakens as US Deploys Ships to Nearby Waters – Financial Times (subscription)
South Korea’s currency was softer following the Pentagon’s weekend decision to deploy an aircraft carrier group to waters near the Korean peninsula. Read More
Dollar Slips vs Yen After US Launches Missile Strikes on Syria
Top Headlines
Dollar Slips vs Yen After US Launches Missile Strikes on Syria – Reuters
The dollar skidded against the safe-haven Japanese yen after the United States launched cruise missiles at an airbase in Syria, raising concerns of a sharp escalation in the Syrian civil war.
CLS to Expand Currencies for Its New Netting Service
Top Headlines
CLS to Expand Currencies for Its New Netting Service – Profit & Loss
CLS has announced plans to expand its bilateral payment netting service, due to launch in 2018, to support more than 140 currencies at launch as opposed to the 24 currencies initially planned. Read More
Dollar Slips as North Korea Fires Missile Ahead of Trump-Xi Meeting
Top Headlines
Dollar Slips as North Korea Fires Missile Ahead of Trump-Xi Meeting – Reuters
The dollar came under pressure after North Korea fired a ballistic missile into the sea ahead of a summit between US and Chinese leaders, losing its grip on gains made earlier against the yen. Read More
‘Cartel’ Traders Weigh Surrender to Face US Rigging Charges
Top Headlines
‘Cartel’ Traders Weigh Surrender to Face US Rigging Charges – Bloomberg
Some of the UK currency traders whose online chats led to guilty pleas by four of the world’s biggest banks are weighing whether to present themselves to the US to fight charges against them. Read More
US Dollar Notches Quarterly Loss
Top Headlines
US Dollar Notches Quarterly Loss – Wall Street Journal (subscription)
The dollar slid nearly 3% in the first three months of the year as investors unwound bets that the Trump administration’s economic proposals would boost the US economy.