Top Headlines
Dollar Builds on Three-Week High After Powell Testimony – Reuters
The dollar hit a three-week high after an upbeat assessment of the US economy by Federal Reserve Chairman Jerome Powell’s boosted bets on more interest rate hikes, while the euro edged lower before inflation data.
Top Headlines
Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony – Reuters
The dollar eased as investors awaited a slew of economic data this week and Federal Reserve Chairman Jerome Powell’s testimony, which could determine whether the US currency’s recovery from a three-year low has more room to run.
Top Headlines
Sterling Pushes Higher After Hawkish Comments from BoE Official – Financial Times (subscription)
Sterling outperformed several of its developed market peers, climbing back above $1.40 after hawkish comments from a senior Bank of England policymaker.
Top Headlines
ECB Minutes Reveal Fears Over Trump Currency Wars – Financial Times (subscription)
Eurozone concerns over the weakness of the dollar were laid bare in a set of European Central Bank minutes that highlighted fears the Trump administration was deliberately trying to engage in currency wars.
Top Headlines
Dollar Climbs on Fed; Heads for First Weekly Gain of 2018 – Reuters
The dollar inched up to a 10-day high, after minutes from the US Federal Reserve’s January meeting showed policymakers confident in rising inflation and the need for interest rates to keep increasing.
Top Headlines
Ex-JPMorgan FX Salesman Back in Court Over Unfair Dismissal – Bloomberg
A former JPMorgan currency salesman is fighting his dismissal for a second time after the US bank overturned a verdict in his favor last year, as the fallout from the global foreign-exchange manipulation scandal drags on. Read More
Top Headlines
BoE’s Carney Says Bitcoin Has “Pretty Much Failed” as Currency – Reuters
Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said. Read More
Top Headlines
Fed Seeks to Ban and Fine Ex-Barclays Trader Accused of FX Manipulation – Bloomberg
Former Barclays trader Peter Little, who was accused of using electronic chat rooms to coordinate with bank traders allegedly trying to manipulate foreign-exchange rates, is being fined $487,500 by the Federal Reserve and facing a permanent ban from US banking.
Top Headlines
Forex Trading Up Sharply in 2018 as Volatility Returns – Reuters
Foreign exchange trading volumes have risen sharply since the start of this year, new data showed, as investors ramped up bets on a weaker dollar and uncertainty about the end of the era of cheap money stoked volatility. Read More
Top Headlines
Dollar Skids on US Twin Deficit Worries, Hits 15-Month Low vs Yen – Reuters
The dollar tumbled across the board, hitting a 15-month low against the yen as worries over twin deficits in the United States mounted amid a government spending splurge and large corporate tax cuts.