Investor Who Backed Brexit Sees Euro Breaking Up Within Five Years
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Investor Who Backed Brexit Sees Euro Breaking Up Within Five Years – Bloomberg
Now there’s growing speculation Italy’s referendum in December and the elections in France in 2017 might result in more political upsets in Europe, causing some investors to question the future of the euro. Read More
ANZ Bank and Macquarie Admit to Attempted Rigging in Malaysia
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ANZ Bank and Macquarie Admit to Attempted Rigging in Malaysia – Sydney Morning Herald
ANZ Bank and Macquarie Group have admitted their traders tried to rig a key benchmark rate in Malaysia’s foreign exchange markets, breaking cartel laws and resulting in multimillion-dollar fines.
Dollar Juggernaut Still Rolling On: Strongest in Nearly 14 Years
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Dollar Juggernaut Still Rolling On: Strongest in Nearly 14 Years – Financial Times (subscription)
The buck is not backing down, with the dollar index, which tracks its value against a basket of other major currencies, now up at its strongest level since March 2003.
Sterling Inches Lower Before Budget Statement
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Sterling Inches Lower Before Budget Statement – Reuters
Sterling dipped by a quarter of a percent against the dollar and was marginally weaker against the euro ahead of a government budget statement expected to deliver only marginal additional support for an economy facing more Brexit-based volatility next year.
- Philip Hammond to Ease Cuts as Watchdog Reveals Size of Brexit Black Hole – The Telegraph
- British Pound Tests Downside Against Dollar, Euro and Other Currencies Ahead of First Post-Brexit Budget – Exchange Rates
- Pound Declines Against Dollar and Euro Ahead of Autumn Statement – International Business Times
CFTC Collects $1.3 Billion from Enforcement Actions
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CFTC Collects $1.3 Billion from Enforcement Actions – Profit & Loss
The Commodity Futures Trading Commission says in financial year 2016 it filed 68 enforcement actions, which addressed a sweeping range of misconduct and market harm, and obtained orders totalling approximately $1.29 billion in restitution, disgorgement, and penalties. Read More
Asian Export Nations Wary Dollar Boost Gives Trump Pretext to Beat Them
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Asian Export Nations Wary Dollar Boost Gives Trump Pretext to Beat Them – Reuters
Asian currency policymakers are worried that the strengthening of the dollar on expectations of US President-elect Donald Trump’s fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds. Read More
Dollar Charges to 14-Year High, Bonds in Full Swing
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Dollar Charges to 14-Year High, Bonds in Full Swing – Reuters
The dollar scaled to its highest level in almost 14 years against a basket of currencies while US bond yields were set for the biggest fortnightly rise in 15 years on bets US inflation and interest rates are headed higher.
Mexico Central Bank May Deliver Big Rate Hike After Peso’s Trump Tumble
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Mexico Central Bank May Deliver Big Rate Hike After Peso’s Trump Tumble – Reuters
Mexico’s central bank could deliver a bigger-than-expected interest rate hike in a bid to support the peso after the currency was hammered to a record low by last week’s election of Donald Trump as US president. Read More
Britain’s Financial Regulator Approves Tullett-Icap Deal
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Britain’s Financial Regulator Approves Tullett-Icap Deal – Reuters
Britain’s financial regulator approved interdealer broker Tullett Prebon’s proposed acquisition of Icap’s hybrid voice broking business, removing a key regulatory hurdle in the path to create the world’s largest voice broker. Read More
Pound Dips Below $1.24 as Mark Carney Confirms He Will Leave BoE in June 2019
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Pound Dips Below $1.24 as Mark Carney Confirms He Will Leave BoE in June 2019 – Telegraph
As Mark Carney faces a grilling from the Treasury Committee, the pound has extended its fall and has dipped below $1.24. Read More