BoE’s Carney Says Bitcoin Has “Pretty Much Failed” as Currency
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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
Fed Seeks to Ban and Fine Ex-Barclays Trader Accused of FX Manipulation
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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.
Forex Trading Up Sharply in 2018 as Volatility Returns
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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
Dollar Skids on US Twin Deficit Worries, Hits 15-Month Low vs Yen
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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.
Yen Touches 15-Month High as Dollar Weakens Ahead of Inflation Data
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Yen Touches 15-Month High as Dollar Weakens Ahead of Inflation Data – Financial Times (subscription)
The yen hit its strongest intraday level against the dollar in 15 months as the dollar weakened ahead of a release of US inflation data later in the day. Read More
FX Volatility Sparks Trading Surge with Signs of More to Come
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FX Volatility Sparks Trading Surge with Signs of More to Come – Bloomberg
Price swings in the $5.1-trillion a day currency market have jumped this month to the highest since November 2016 on a monthly basis, according to a JP Morgan gauge. Read More
Euro Gains as Dollar Falls Back on Equity Bounce
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Euro Gains as Dollar Falls Back on Equity Bounce – Reuters
The euro edged higher and the dollar fell back, as a bounce in equity markets ended a strong run for the greenback in which nervous investors had rushed to reverse their bets against the US currency.
Euro Edges Up But Headed for Worst Week Since October
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Euro Edges Up But Headed for Worst Week Since October – Reuters
The euro gained against the dollar but the single currency was still headed for its worst weekly performance since October after the global stock market sell-off squeezed investors betting against the greenback out of their positions. Read More
Renminbi Heads for Worst Day in Over 13 Months
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Renminbi Heads for Worst Day in Over 13 Months – Financial Times (subscription)
The renminbi weakened markedly, pulling back from a two-year intraday high in the previous session and on track for its worst day in more than a year as the dollar strengthened.
Patchy Bitcoin Oversight Poses Hazards for Investors, Regulators Say
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US regulators said Congress should consider expanding federal oversight of bitcoin and other cryptocurrency trading, as market cops amplify alarms about an asset class that is largely exempt from investor-protection laws. Read More