ECB Minutes Reveal Fears Over Trump Currency Wars
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ECB Minutes Reveal Fears Over Trump Currency Wars – Financial Times (subscription)
Eurozone concerns over the weakness of the dollar were laid bare in a set of European Central Bank minutes that highlighted fears the Trump administration was deliberately trying to engage in currency wars.
Dollar Climbs on Fed; Heads for First Weekly Gain of 2018
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Dollar Climbs on Fed; Heads for First Weekly Gain of 2018 – Reuters
The dollar inched up to a 10-day high, after minutes from the US Federal Reserve’s January meeting showed policymakers confident in rising inflation and the need for interest rates to keep increasing.
Ex-JPMorgan FX Salesman Back in Court Over Unfair Dismissal
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Ex-JPMorgan FX Salesman Back in Court Over Unfair Dismissal – Bloomberg
A former JPMorgan currency salesman is fighting his dismissal for a second time after the US bank overturned a verdict in his favor last year, as the fallout from the global foreign-exchange manipulation scandal drags on. Read More
BoE’s Carney Says Bitcoin Has “Pretty Much Failed” as Currency
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BoE’s Carney Says Bitcoin Has “Pretty Much Failed” as Currency – Reuters
Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said. Read More
Fed Seeks to Ban and Fine Ex-Barclays Trader Accused of FX Manipulation
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Fed Seeks to Ban and Fine Ex-Barclays Trader Accused of FX Manipulation – Bloomberg
Former Barclays trader Peter Little, who was accused of using electronic chat rooms to coordinate with bank traders allegedly trying to manipulate foreign-exchange rates, is being fined $487,500 by the Federal Reserve and facing a permanent ban from US banking.
Forex Trading Up Sharply in 2018 as Volatility Returns
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Forex Trading Up Sharply in 2018 as Volatility Returns – Reuters
Foreign exchange trading volumes have risen sharply since the start of this year, new data showed, as investors ramped up bets on a weaker dollar and uncertainty about the end of the era of cheap money stoked volatility. Read More
Dollar Skids on US Twin Deficit Worries, Hits 15-Month Low vs Yen
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Dollar Skids on US Twin Deficit Worries, Hits 15-Month Low vs Yen – Reuters
The dollar tumbled across the board, hitting a 15-month low against the yen as worries over twin deficits in the United States mounted amid a government spending splurge and large corporate tax cuts.
Yen Touches 15-Month High as Dollar Weakens Ahead of Inflation Data
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Yen Touches 15-Month High as Dollar Weakens Ahead of Inflation Data – Financial Times (subscription)
The yen hit its strongest intraday level against the dollar in 15 months as the dollar weakened ahead of a release of US inflation data later in the day. Read More
FX Volatility Sparks Trading Surge with Signs of More to Come
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FX Volatility Sparks Trading Surge with Signs of More to Come – Bloomberg
Price swings in the $5.1-trillion a day currency market have jumped this month to the highest since November 2016 on a monthly basis, according to a JP Morgan gauge. Read More
Euro Gains as Dollar Falls Back on Equity Bounce
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Euro Gains as Dollar Falls Back on Equity Bounce – Reuters
The euro edged higher and the dollar fell back, as a bounce in equity markets ended a strong run for the greenback in which nervous investors had rushed to reverse their bets against the US currency.