The dollar fell against the Japanese yen and the Swiss franc as concerns about geopolitical risks following North Korea’s latest nuclear test over the weekend prompted a rush to traditional currency hedges.
- Gold Rises to 11-Month High, Dollar Weakens as North Korea Test Rattles Investors – Financial Times (subscription)
- Dollar Recovers from Losses After Jobs Report to End Flat – Wall Street Journal (subscription)
The rules, which concern swaps that aren’t routed through clearinghouses, require written agreements detailing collateral arrangements. Read More