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Danger Lurks for Dollar Bulls in Outcome of Trump-Xi Dinner – Bloomberg
The eyes of the global currency market will be on Saturday’s meeting between US President Donald Trump and Chinese leader Xi Jinping, with some analysts seeing even a modicum of progress toward easing trade tensions as enough to sink the dollar.
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White House Casts Doubt on G20 Deal to Resolve China Trade War – Financial Times (subscription)
The White House’s top economic adviser cast doubt over the prospect of a ceasefire in the escalating trade war with China, saying negotiations in the run-up to a high-stakes summit this week had made no progress and a new round of tariffs was likely.
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Buy Side Sees FICC Research Glut – MarketsMedia
Asset managers are using fewer research providers for fixed income, currency and commodities but said this is not having a negativeimpact on returns, highlighting a potential oversupply.
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Cleared British FX Traders Put US Justice on Trial – Financial Times (subscription)
Now, among many other emotions, they are angry. They are asking why, out of all the hundreds of currencies traders in the City of London, they were picked out for a criminal trial. The traders and their lawyers struggle to understand how the long arm of US law can justify trying them away from home based on “hypothetical” victims and the testimony of a single former friend that failed to withstand scrutiny at trial.
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EU Steps Up Preparations for Euro Clearing in ‘No Deal’ Brexit – Reuters
European Union regulators began on Friday to implement plans to ensure that trillions of euros in cross-border derivatives transactions would not be disrupted in the event of a “no deal” Brexit.
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Worst Day of an Awful Year Leaves No Corner of Market Unscathed – Bloomberg
One of the toughest years for financial markets in half a century got appreciably worse Tuesday, with simmering weakness across assets boiling over to leave investors with virtually nowhere to hide.
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How Brexit Will Redraw Europe’s Financial Infrastructure – Financial Times (subscription)
London will continue to have a crucial role, thanks to the happy accident of geography, which places it at the
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No Sleep for Traders as UK Sees Most Turmoil Since Brexit Vote – Bloomberg
It’s been a tumultuous week in UK markets, and for traders that’s meant cancelling dinner plans and waking up in the night.
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UK Regulators Said to Discuss Brexit Turmoil With Bankers – Bloomberg
The Bank of England and other regulators discussed