Dollar Hits One-Month High Vs. Yen on Mnuchin Bond Hints
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Dollar Hits One-Month High Vs. Yen on Mnuchin Bond Hints – Reuters
The dollar hit a one-month high against the yen, lifted by a surge in US government bond yields after US Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.
EU to Ease Derivatives Rules, Holds Fire on Euro Clearing Changes
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EU to Ease Derivatives Rules, Holds Fire on Euro Clearing Changes – Reuters
The burden of new regulation for derivatives markets would be eased and competition increased under proposals from the European Union’s executive, a document seen by Reuters showed, which omitted any moves to curb euro clearing in Britain after Brexit. Read More
Trump Drove Forex Trade Surges in First 100 Days: CLS Study
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Trump Drove Forex Trade Surges in First 100 Days: CLS Study – Reuters
A study of Trump’s first 100 days in office by currency market utility CLS shows the hourly surges in currency market volumes compared with the equivalent from the same trading day a year earlier around market-sensitive actions or comments by Trump or his aides. Read More
Mexican Peso, Canadian Dollar Stronger After White House Retreats from Nafta Exit
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The Canadian dollar and Mexican peso are holding onto earlier gains made against the dollar after the White House announced that it had “agreed not to terminate Nafta at this time”.
Are Traders Getting an Early Glimpse at UK Government Data? Currency Markets Suggest Yes
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A comparison of trading data for the Swedish krona and British pound may provide further evidence that some investors could be trading with knowledge of UK official statistics before they are published. Read More
Speculators Bullish on Mexican Peso for First Time Since 2015
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Speculators Bullish on Mexican Peso for First Time Since 2015 – Financial Times (subscription)
The Mexican peso has shed pretty much all its Trump-election risk premium, becoming one of the best performing major currencies in 2017.
Euro Jumps as Investors Cheer French Election Results
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Euro Jumps as Investors Cheer French Election Results – Wall Street Journal (subscription)
Analysts and investors see increased appetite for European assets.
Deutsche Bank Fined by Fed Over Lack of Controls
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Deutsche Bank Fined by Fed Over Lack of Controls – Profit & Loss
The Federal Reserve has announced two enforcement actions against Deutsche Bank that requires the bank to pay a combined $156.6 million in civil money penalties.
China Lifts Renminbi Capital Controls as Outflows Pressure Eases
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China Lifts Renminbi Capital Controls as Outflows Pressure Eases – Financial Times (subscription)
Central bank eliminates curb on outbound renminbi payments imposed in January.
Sterling Consolidates After Election Surge
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Sterling Consolidates After Election Surge – Reuters
Sterling hovered a cent below Tuesday’s six-and-a-half month highs against the dollar, the jury still out on whether it can make more progress on the back of optimism around the shock calling of a June 8 parliamentary election.