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FSB Sees Derivatives Reform Progress: But More Needed – Profit & Loss
The Financial Stability Board (FSB) has published three reports looking at the ongoing derivatives markets reform process and while the news is broadly positive the FSB says there is still more progress needed on trade repositories (TRs). Read More
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String of foreign central bankers hint they could move away from ultraloose monetary policy.
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Euro Hits 2017 High After Draghi Hints on Tapering – Financial Times (subscription)
The euro climbed to a fresh 2017 peak and eurozone sovereign bond yields reached five-week highs as investors bet remarks by Mario Draghi were a signal the European Central Bank chief was poised to withdraw economic stimulus measures.
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Mexican Peso Rises to Highest Against Dollar in a Year – Wall Street Journal (subscription)
The Mexican peso rose to its highest level in more than a year against the dollar, leading this year’s rally in emerging-markets currencies that had fallen around the time of US presidential election.
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Pound Rises a Fourth Day Before May’s EU Citizen-Rights Proposals – Bloomberg
The pound rose for a fourth day versus the dollar before Prime Minister Theresa May gives more details on her plan to preserve the rights of European Union citizens living in the UK after Brexit. Read More
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Sterling Jumps as Market Prices in BoE Shift – Reuters
Sterling gained by almost half a percent against the dollar, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months.
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Dollar Slips as Investors Watch Oil, Fed Speakers – Wall Street Journal (subscription)
The dollar slipped as investors digested weak oil prices and mixed messages from Federal Reserve officials. Read More
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Ktorza Ruling Overturned – Profit & Loss
A UK appeals court judge has decided that former JP Morgan FX salesperson Patrice Ktorza’s case must be reheard by an employment tribunal.
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CLS Releases Analysis of Brexit-Related Events – Profit & Loss
One week after releasing analysis of activity around the UK election, and as the first anniversary of the vote approaches, CLS has released analysis of Cable spot volumes during Brexit-related events. Read More
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Sterling Inches Up Ahead of Start of Brexit Talks – Reuters
Sterling edged up against the dollar, with traders cautious as Britain formally began negotiations to leave the European Union and domestic political uncertainty dented appetite for the currency.