Dollar Inches Higher Ahead of Jackson Hole

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Dollar Inches Higher Ahead of Jackson Hole – Reuters

The dollar gained more ground against the yen and the euro as traders bet Federal Reserve chief Janet Yellen would promise to push forward with plans for tighter monetary policy.

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HSBC’s Execution of Cairn Order “Followed Standard Industry Practice”

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HSBC’s Execution of Cairn Order “Followed Standard Industry Practice” – Profit & Loss

Documents lodged by the team representing HSBC’s former global head of FX trading Mark Johnson in his defence again market manipulation claims, indicate that should a defence case be needed it will focus on proving that the bank – and Johnson’s conduct – was in line with standard industry practice.

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ECB Officials Expressed Concern Over Risk of Euro Overshoot

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ECB Officials Expressed Concern Over Risk of Euro Overshoot – Bloomberg

European Central Bank officials sounded the alarm at the threat of an even stronger euro, as the currency’s gains to the highest since they unveiled quantitative easing in 2015 cloud efforts to revive inflation.