Dollar Bounces from Three-Year Lows as US Yields Rise
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Dollar Bounces from Three-Year Lows as US Yields Rise – Reuters
The dollar rose from a three-year low hit earlier in the day as a rise in US Treasury yields prompted some investors to buy the greenback but the market remained cautious on the outlook for the currency amidst a lack of price pressures.
US Charges Ex-Barclays NY Forex Head with Front-Running
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US Charges Ex-Barclays NY Forex Head with Front-Running – Bloomberg
The charges against Robert Bogucki relate to the manipulation of foreign-exchange options before a large trade by Hewlett-Packard in 2011, according to a Justice Department statement. Read More
Fired Barclays FX Trader Gives Court First Look at Last Look
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Fired Barclays FX Trader Gives Court First Look at Last Look – Bloomberg
David Fotheringhame says there was nothing wrong with the way he applied a tool that blocked some unprofitable currency trades to all clients, rather than just “toxic” ones.
Euro Holds Three-Year Highs as Dollar Weakens Further
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Euro Holds Three-Year Highs as Dollar Weakens Further – Reuters
The euro held at three-year highs against the dollar after last week’s surge, its rise fueled by growing expectations that the European Central Bank will tighten monetary policy, while the dollar weakened further.
Euro Strikes Three-Year High on Optimism Over German Breakthrough
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Euro Strikes Three-Year High on Optimism Over German Breakthrough – Financial Times (subscription)
The euro jumped to a three-year peak against the dollar after German political leaders took a significant step towards forging a new “grand coalition”. Read More
Bitcoin Tumbles as South Korea Plans Trading Ban
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Bitcoin Tumbles as South Korea Plans Trading Ban – Financial Times (subscription)
South Korea is planning a bill to ban cryptocurrency trading as a clampdown on virtual currencies gathers pace in one of world’s most exuberant bitcoin markets.
Fired Barclays Trader Sues to Win Back Job Lost in FX Probe
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Fired Barclays Trader Sues to Win Back Job Lost in FX Probe – Bloomberg
David Fotheringhame, who is suing for unfair dismissal, was sacked after a $150 million settlement between Barclays and the Department of Financial Services, New York’s banking regulator. Read More
China Changes the Way It Manages Yuan After Currency’s Jump
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China Changes the Way It Manages Yuan After Currency’s Jump – Bloomberg
China’s central bank has made a change to the regime used to manage the yuan, effectively removing a component used by banks to calculate their submissions to the currency’s daily reference rate, according to people familiar with the matter.
Dollar Edges Up from 3½ Month Lows; Euro Pauses After Rally
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Dollar Edges Up from 3½ Month Lows; Euro Pauses After Rally – Reuters
The dollar inched higher against a basket of major peers as data showing slower US jobs growth did little to dent expectations for further Federal Reserve interest rate increases this year.
US Derivatives Regulator to Review Bitcoin Futures Risks
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US Derivatives Regulator to Review Bitcoin Futures Risks – Reuters
The US derivatives regulator will hold two meetings to discuss the procedure and operational controls for listing and trading digital currency futures it said, amid rising concerns over the risks bitcoin poses to the financial system.