Dollar Set for Best Weekly Gain in 2017; Euro Struggles

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Dollar Set for Best Weekly Gain in 2017; Euro Struggles – Reuters

The dollar is on track to post its best weekly performance so far this year as a bounce in US Treasury yields fuelled by the Trump administration’s tax plan triggered a shake out in multi-year short bets against the greenback.

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US Dollar Makes Broad Rise Ahead of Trump Tax Speech

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US Dollar Makes Broad Rise Ahead of Trump Tax Speech – Financial Times (subscription)

The US dollar pushed higher, rising against many of its developed market peers ahead of eagerly awaited remarks from Donald Trump on tax reform.

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FXPA Provides Feedback to GFXC on Last Look

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FXPA Provides Feedback to GFXC on Last Look – FXPA

The Foreign Exchange Professionals Association (FXPA) provided feedback to the Global Foreign Exchange Committee (GFXC) on the “last look” practices in the foreign exchange (FX) market, and particularly on Principle 17 of the FX Global Code.

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FMSB Annual Report Highlights Progress Made in FICC Reform

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FMSB Annual Report Highlights Progress Made in FICC Reform – Profit & Loss

The UK’s FICC Markets Standard Board (FMSB) has issued its 2017 Annual Report setting out the progress it has made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities markets.

Dollar Hits Eight-Week High vs. Yen as Fed Meets

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Dollar Hits Eight-Week High vs. Yen as Fed Meets – Reuters

The dollar hit an eight-week high against the yen as US central bank policymakers meet to discuss further monetary tightening, with renewed calm over North Korea easing demand for perceived safe havens like the Japanese currency.

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