Sterling Extends Slide After Carney Punctures BoE Rate Hike Bets
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Sterling Extends Slide After Carney Punctures BoE Rate Hike Bets – Reuters
Sterling fell another 0.3 percent to a two-week low after Bank of England governor Mark Carney signalled that the central bank may not rush to raise interest rates in May because economic data was “mixed”.
Currency Trading Volumes Hit Record High in First-Quarter: CLS
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Currency Trading Volumes Hit Record High in First-Quarter: CLS – Reuters
Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed, as a rise in volatility from multi-year lows encouraged more currency trading. Read More
Dollar Rises as Risk Appetite Returns, Investors Turn to Data
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Dollar Rises as Risk Appetite Returns, Investors Turn to Data – Reuters
The US dollar rose from a three-week low after trade war concerns waned and firm US economic data boosted the greenback against the yen and ushered in renewed risk appetite.
FX Global Code Passes Milestone
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FX Global Code Passes Milestone – Profit & Loss
With just over a month to go before adherence is expected of market participants, the Global FX Committee (GFXC) has announced that “well over” 100 market participants have now made Statements of Commitment to the FX Global Code less than one year after its launch. Read More
Dollar Struggles as FX Markets Uneasy About Seven-Year High Short Bets
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Dollar Struggles as FX Markets Uneasy About Seven-Year High Short Bets – Reuters
The dollar held steady within established trading ranges as investors who have recently bet heavily against the greenback digested the implications of weekend strikes on Syria by United States and its allies. Read More
Hong Kong and Singapore Step Into Currency Markets
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Hong Kong and Singapore Step Into Currency Markets – Financial Times (subscription)
Hong Kong has begun buying its currency in a rare move that will increase interest rates and add to pressure on its property market, while Singapore has also tightened its monetary policy for the first time in six years.
Sterling Hits Firmest Level vs Trade-Weighted Currencies Since Brexit Vote
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Sterling Hits Firmest Level vs Trade-Weighted Currencies Since Brexit Vote – Reuters
Sterling has hit its firmest level against a trade-weighted basket of currencies since shortly after Britain voted to leave the European Union in June, 2016, data showed as the pound enjoys broad-based gains. Read More
China’s Xi Renews Vow to Open Economy, Cut Tariffs as US Trade Row Deepens
China’s Xi Renews Vow to Open Economy, Cut Tariffs as US Trade Row Deepens – Reuters
Chinese President Xi Jinping promised to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.
Ruble Hobbled for Second Day as Syria Woes Add to Sanctions Risk
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Ruble Hobbled for Second Day as Syria Woes Add to Sanctions Risk – Bloomberg
Russia’s currency plunged to the weakest level since December 2016 and the government canceled a bond auction as the toughest US sanctions yet combined with an escalation in tensions over Syria to rattle investor sentiment.
China Should Invest in Assets Other Than Treasuries
China Should Invest in Assets Other Than Treasuries – Reuters
China should make better use of the country’s funds by looking to invest its large capital reserves in real assets, not United States Treasury bonds, an adviser to China’s central bank said on Monday.