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Dollar Below Three-Month Highs as US 10-Year Yield Pulls Back – Reuters
The dollar held steady against a basket of major currencies after pulling back slightly from a three and a half month high last week, pressured by a decline in the benchmark US 10-year Treasury yield. Read More
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Ex-HSBC Foreign Exchange Trader Gets Two-Year US Prison Term – Financial Times (subscription)
Mark Johnson, former head of global cash foreign exchange trading at HSBC, was immediately sent to prison after his sentencing at a New York courthouse. Read More
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Euro Edges Off Eight-Week Lows Ahead of ECB Meeting – Reuters
The euro edged off eight-week lows as traders readied for a European Central Bank meeting, when investors will be searching for any signals about when the bank will begin unwinding its stimulus. Read More
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Firm Yields Push Dollar to a Four-Month High – Reuters
The dollar hit a four-month high after a rise in benchmark US Treasury yields above three percent rattled some currency bears while a mixed picture from business surveys failed to help the euro before a European Central Bank meeting.
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Euro Pinned at Two-Month Lows as US Yields Weigh – Reuters
The euro fell to a two-month low as concerns that rising US Treasury yields would push the currency to break below a range it has been stuck within most of this year, prompting hedge funds to unwind some of their record long bets. Read More
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Dollar Puts Euro Under Pressure After US Bond Yields Rise – Reuters
The US dollar rose to near a two-week high after a rise in US Treasury yields to three percent supported the greenback, while a mixed picture from euro zone business surveys failed to help the single currency at the start of a busy week.
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Sterling Extends Slide After Carney Punctures BoE Rate Hike Bets – Reuters
Sterling fell another 0.3 percent to a two-week low after Bank of England governor Mark Carney signalled that the central bank may not rush to raise interest rates in May because economic data was “mixed”.
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Currency Trading Volumes Hit Record High in First-Quarter: CLS – Reuters
Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed, as a rise in volatility from multi-year lows encouraged more currency trading. Read More
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Dollar Rises as Risk Appetite Returns, Investors Turn to Data – Reuters
The US dollar rose from a three-week low after trade war concerns waned and firm US economic data boosted the greenback against the yen and ushered in renewed risk appetite.
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FX Global Code Passes Milestone – Profit & Loss
With just over a month to go before adherence is expected of market participants, the Global FX Committee (GFXC) has announced that “well over” 100 market participants have now made Statements of Commitment to the FX Global Code less than one year after its launch. Read More