Sterling Slips Back Below $1.31 as Brexit Talks Begin
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Sterling Slips Back Below $1.31 as Brexit Talks Begin – Reuters
Sterling slipped back below $1.31 after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off.
Six Banks Face Lawsuits Over Last Look
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Six Banks Face Lawsuits Over Last Look – Profit & Loss
Six banks are facing a class action lawsuit over alleged abusive practices involving the use of last look in their e-FX businesses. Read More
Swiss Franc Shock of 2015 Came as No Surprise for Some, BIS Paper Finds
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Doubts in financial markets had already crept in about the Swiss National Bank’s commitment to the franc ceiling even before the SNB unexpectedly jettisoned the policy in January 2015, according to a paper published by the Bank for International Settlements. Read More
‘Reigning Supreme’: Euro Edges Up to New 14-Month High Ahead of Yellen Testimony
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The euro has climbed to its highest intraday level against the dollar in more than 14 months ahead of congressional testimony from US Federal Reserve chair Janet Yellen. Read More
CFTC to Review Swaps Reporting Rules
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CFTC to Review Swaps Reporting Rules – Profit & Loss
The US Commodity Futures Trading Commission (CFTC) says it is to launch a “comprehensive review” of its swap data reporting regulations.
Dollar at Two-Month Highs vs Yen on Policy Divergence
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Dollar at Two-Month Highs vs Yen on Policy Divergence – Reuters
The dollar climbed to a two-month high against the Japanese yen as robust jobs data propped up US Treasury yields, although investors were wary of adding big positions before Federal Reserve chief Janet Yellen’s testimony this week.
Dollar Hits Seven-Week High vs. Yen as BOJ Eases, Payrolls Eyed
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Dollar Hits Seven-Week High vs. Yen as BOJ Eases, Payrolls Eyed – Reuters
The dollar hit a seven-week high against the yen after the Bank of Japan increased its purchases of government bonds, expanding monetary policy at a time when other major central banks are moving towards tightening.
EU Hopes to Win London’s Euro Trading Sunk by Undersea Cables
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EU Hopes to Win London’s Euro Trading Sunk by Undersea Cables – Financial Times (subscription)
Fibre optic link critical to strength of forex centres, ECB study finds.
Euro ‘Unchallenged’ as Second Currency, ECB Says, But Still Far from Top Slot
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The euro remains far from achieving one of the chief aims of its political founders: to challenge the dollar as the sole global currency. Read More
Yen Gains as RBA, Riksbank Decline to Join Hawks
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Yen Gains as RBA, Riksbank Decline to Join Hawks – Reuters
An unchanged stance on Australia’s interest rates from its central bank dominated major currency markets, pushing the Australian dollar lower and helping drive a bounce for the yen from seven-week lows. Read More