Euro Headed for Worst Week Since 2016 After ECB Holds Off on Rate Hikes
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Euro Headed for Worst Week Since 2016 After ECB Holds Off on Rate Hikes – Reuters
The euro was headed for its biggest weekly loss in 19 months after the European Central Bank unexpectedly said it would keep interest rates at record lows well into next year. Read More
Brazil Watchdog Fines Morgan Stanley, Royal Bank of Canada for Forex Manipulation
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Brazil Watchdog Fines Morgan Stanley, Royal Bank of Canada for Forex Manipulation – Reuters
Brazil’s antitrust watchdog fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients. Read More
Big Banks Slip Into Bear Market Territory as Rates Rise
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Big Banks Slip Into Bear Market Territory as Rates Rise – Financial Times (subscription)
Among the 39 “Sifis”, financial institutions considered systemically important by the Basel-based Financial Stability Board, 16 are down more than 20 per cent from their recent peaks in dollar terms, meeting the standard definition of a bear market. Read More
Dollar Reverses Gains as Traders Eye Fed, ECB
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Dollar Reverses Gains as Traders Eye Fed, ECB – Reuters
The dollar’s early bounce fizzled, as markets saw few concrete measures emerging from the US-North Korea summit and waited for guidance from two of the world’s top central banks later this week.
US Regulator DemanTrading Data From Bitcoin Exchanges in Manipulation Probe
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Government investigators have demanded that several bitcoin exchanges hand over comprehensive trading data to assist a probe into whether manipulation is distorting prices in markets linked to the cryptocurrency, according to people familiar with the matter. Read More
Riskier Currencies and Bonds Pressured While ‘Havens’ Rise
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Riskier Currencies and Bonds Pressured While ‘Havens’ Rise – Financial Times (subscription)
A global shift away from riskier assets and into the safety of perceived havens was under way in European trade with investors eyeing deteriorating relations between several major world economies. Read More
Euro Rebounds to Two-Week High on Bets ECB to Signal Stimulus Unwind
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Euro Rebounds to Two-Week High on Bets ECB to Signal Stimulus Unwind – Reuters
The euro climbed to a two-week high as investors raised their bets that the European Central Bank will next week signal a winding down of its vast bond-buying program by the end of this year.
Euro Rallies to Ten-Day High After ECB Says to Discuss Unwinding Stimulus
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Euro Rallies to Ten-Day High After ECB Says to Discuss Unwinding Stimulus – Reuters
The euro rose to a ten-day high after European Central Bank officials said an end to the bank’s bond-buying programme by end-2018 was plausible and that inflation was rising back to its target.
Dollar Stabilises Below Last Week’s Highs, Supported by Data, Yields
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Dollar Stabilises Below Last Week’s Highs, Supported by Data, Yields – Reuters
The dollar stabilised just below its six-month high of last week, as investors awaited data that might confirm the US economy is on track for a strong June quarter with rising bond yields also supporting the greenback. Read More
Trump Tweets Early on Jobs Data, and Wall Street Takes the Hint
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Trump Tweets Early on Jobs Data, and Wall Street Takes the Hint – Bloomberg
Economists warn that traders will now also interpret silence.