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The IMF Could Push Argentina From a Currency Crisis Into a Debt Crisis

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The IMF Could Push Argentina From a Currency Crisis Into a Debt Crisis – Business Insider
When the “hot money” gets antsy, a currency crisis morphs into a debt crisis. You just don’t lend Argentina’s government money. Not in its own currency, because it relentlessly destroys that currency, and not in a foreign currency, because it will default on it. Lending money to Argentina is like trying to run across a 16-lane freeway with traffic zooming by at 70 mph. You just don’t do it.

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Crypto-Assets: Too Big to Ignore, Too Challenging to Trade?

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FXPA First Look

The CFTC, Fed,  ECB in the News

The U.S. House and Senate are back in session this week. It is hoped and expected that the Senate Agriculture Committee will hold a hearing to consider the nomination of Dan Berkovitz to be a CFTC Commissioner sometime this month.

On Monday, IOSCO’s Annual Conference will open in Budapest. There will be a number of high-level meetings at he conference, including the inaugural meeting of IOSCO’s new Board on Wednesday. The conference will run through Friday.

On Tuesday, Federal Reserve Chairman Jerome Powell will participate in a panel discussion in Zurich on “Monetary Policy Influences on Global Financial Conditions and International Capital Flows.” CFTC Commissioner Brian Quintenz will speak at the SIFMA Operations Conference in Phoenix. European Commissioner for Financial Stability Valdis Dombrovskis will be in Riga, Latvia for several days of high-level meetings with Latvian government officials.

On Thursday, the SEC will kick-off its Fifth Annual Conference in Financial Market Regulations at the SEC’s headquarters in Washington, DC; the conference will run through Friday. Also, EU Commissioner Dombrovskis will deliver a keynote speech in Riga on “New Challenges in Economic and Business Development – 2018: Productivity and Economic Growth.”

On Friday, European Central Bank President Mario Draghi will speak at a conference in Florence, Italy.

Crypto-Assets: Too Big to Ignore, Too Challenging to Trade? – Profit & Loss
Although cryptocurrencies have become too big for institutional investors to ignore, there are still significant barriers deterring them from entering the crypto space, said speakers at Profit & Loss’ 2018 Latin America conference in Mexico City.
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globalFXsource0

Goldman Sachs to Pay $110 Million to Resolve Forex Probes

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Goldman Sachs to Pay $110 Million to Resolve Forex Probes – Bloomberg

Goldman Sachs Group has agreed to pay about $110 million to resolve allegations that its foreign exchange traders improperly shared information about client orders on an electronic chat room, putting clients at a disadvantage.

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