Sterling Struggles Near Four-Month Low Ahead of BoE Decision Next Week
Top Headlines
Sterling Struggles Near Four-Month Low Ahead of BoE Decision Next Week – Reuters
Sterling slipped back towards its lowest level since January as the dollar firmed and traders sold the pound after a week of poor economic data and Brexit worries, which are likely to persuade the central bank to keep rates on hold next week. Read More
Dollar Hits Strongest Level of 2018
Top Headlines
Dollar Hits Strongest Level of 2018 – Financial Times (subscription)
The US dollar traded at its strongest level for this year minutes out from the Federal Reserve’s May policy meeting. Read More
Goldman Sachs to Pay $110 Million to Resolve Forex Probes
Top Headlines
Goldman Sachs to Pay $110 Million to Resolve Forex Probes – Bloomberg
Goldman Sachs Group has agreed to pay about $110 million to resolve allegations that its foreign exchange traders improperly shared information about client orders on an electronic chat room, putting clients at a disadvantage.
Sterling Slides After UK Factory Survey Misses Expectations
Top Headlines
Sterling Slides After UK Factory Survey Misses Expectations – Financial Times (subscription)
The UK pound, which has pulled back sharply since hitting a post-Brexit vote peak last month, has sustained a fresh blow after a key survey of the manufacturing sector missed economists’ expectations. Read More
Dollar Below Three-Month Highs as US 10-Year Yield Pulls Back
Top Headlines
Dollar Below Three-Month Highs as US 10-Year Yield Pulls Back – Reuters
The dollar held steady against a basket of major currencies after pulling back slightly from a three and a half month high last week, pressured by a decline in the benchmark US 10-year Treasury yield. Read More
Ex-HSBC Foreign Exchange Trader Gets Two-Year US Prison Term
Top Headlines
Ex-HSBC Foreign Exchange Trader Gets Two-Year US Prison Term – Financial Times (subscription)
Mark Johnson, former head of global cash foreign exchange trading at HSBC, was immediately sent to prison after his sentencing at a New York courthouse. Read More
Euro Edges Off Eight-Week Lows Ahead of ECB Meeting
Top Headlines
Euro Edges Off Eight-Week Lows Ahead of ECB Meeting – Reuters
The euro edged off eight-week lows as traders readied for a European Central Bank meeting, when investors will be searching for any signals about when the bank will begin unwinding its stimulus. Read More
Firm Yields Push Dollar to a Four-Month High
Top Headlines
Firm Yields Push Dollar to a Four-Month High – Reuters
The dollar hit a four-month high after a rise in benchmark US Treasury yields above three percent rattled some currency bears while a mixed picture from business surveys failed to help the euro before a European Central Bank meeting.
Euro Pinned at Two-Month Lows as US Yields Weigh
Top Headlines
Euro Pinned at Two-Month Lows as US Yields Weigh – Reuters
The euro fell to a two-month low as concerns that rising US Treasury yields would push the currency to break below a range it has been stuck within most of this year, prompting hedge funds to unwind some of their record long bets. Read More
Dollar Puts Euro Under Pressure After US Bond Yields Rise
Top Headlines
Dollar Puts Euro Under Pressure After US Bond Yields Rise – Reuters
The US dollar rose to near a two-week high after a rise in US Treasury yields to three percent supported the greenback, while a mixed picture from euro zone business surveys failed to help the single currency at the start of a busy week.