Wall Street Banks Reckon the Dollar Must Fall. Traders Don’t Agree

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Wall Street Banks Reckon the Dollar Must Fall. Traders Don’t Agree – Bloomberg

As a growing chorus of analysts from the likes of Morgan Stanleyy and Nomura predict dark days for the dollar, the market is telling a different story.

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Brexit Agreement Reached to Bolster London Derivatives Clearing

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Brexit Agreement Reached to Bolster London Derivatives Clearing – Bloomberg

The Bank of England and European Union regulators have agreed to cooperate on oversight of clearinghouses, in the latest move by authorities to prevent problems stemming from a no-deal Brexit scenario. The deal will help business continue at the LSE, clearinghouses run by the London Metal Exchange and Intercontinental Exchange, as well as securities depositories based in the UK.

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US Swaps Cop Plans to Dial Back Global Reach of Its Rules

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US Swaps Cop Plans to Dial Back Global Reach of Its Rules – Bloomberg

The US’s top swaps regulator is planning sweeping changes to how it applies its rules abroad. Calling the Commodity Futures Trading Commission’s international approach “flawed and over-expansive,” Chairman J. Christopher Giancarlo said in a speech that his agency should give more deference to other countries’ regulations.

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