Pound’s Post-Inflation Rally Evaporates Fast
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Pound’s Post-Inflation Rally Evaporates Fast – Financial Times (subscription)
Sterling’s knee-jerk pop higher in response to forecast-busting inflation data has proven very short-lived. Read More
Dollar Starts Week Under Shadow of Underwhelming Data, North Korea
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Dollar Starts Week Under Shadow of Underwhelming Data, North Korea – Reuters
The dollar started the week on the defensive after US economic data came in shy of expectations and another missile test by North Korea at the weekend underpinned the perceived safe-haven yen.
Dollar Heads for Strongest Week This Year on Fed Hike Bets
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Dollar Heads for Strongest Week This Year on Fed Hike Bets – Reuters
The dollar traded near a three-week high, on track for its strongest week this year, as robust producer price and labor market data bolstered expectations that the Federal Reserve will raise US interest rates again in June.
Banks Depict South African Rand Probe as Vague, Embarrassing
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Banks Depict South African Rand Probe as Vague, Embarrassing – Bloomberg
Some of the banks accused of manipulating trades in the rand are objecting to the complaint by South Africa’s Competition Commission, calling it vague and embarrassing, and demanding it be amended or dropped. Read More
Derivatives’ Positions Outstanding Decrease: BIS
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Derivatives’ Positions Outstanding Decrease: BIS – Profit & Loss
The increase in OTC derivatives positions that took place in the first half of 2016 reversed in the second according to the latest data from the Bank for International Settlements (BIS). Read More
Early Rally ‘as Good as It Gets’? Euro Keeps Sliding After Macron’s Win
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The euro continues to decline after the success of Emmanuel Macron in the French presidential election. Read More
BlackRock, Pimco Said to Plan New Front in Bank FX-Rigging Cases
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BlackRock, Pimco Said to Plan New Front in Bank FX-Rigging Cases – Bloomberg
Some of the world’s biggest investors are working with a US law firm to prepare a fresh wave of litigation against banks accused of rigging foreign exchange markets. Read More
Commodity Currencies Hit as Oil Slides; Yen Edges Higher
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Commodity Currencies Hit as Oil Slides; Yen Edges Higher – Reuters
The Canadian dollar set a 14-month low and the Australian dollar hit a four-month trough as oil prices slid, while the safe haven yen edged higher as risk sentiment wavered.
Two Market Giants Tried to Create a $75 Billion Mega-Exchange
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Two Market Giants Tried to Create a $75 Billion Mega-Exchange – Bloomberg
The world’s biggest exchanges are still looking for deals even though the merger of Deutsche Boerse and London Stock Exchange Group was scuttled by European regulators.
Dollar Inches Up as Fed Eyed for June Rate Hike Steer
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Dollar Inches Up as Fed Eyed for June Rate Hike Steer – Reuters
The dollar inched up against most major currencies, as investors eyed a US Federal Reserve statement later in the day for guidance on whether bets for a June interest rate hike are justified.