Euro Edges Up But Headed for Worst Week Since October
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Euro Edges Up But Headed for Worst Week Since October – Reuters
The euro gained against the dollar but the single currency was still headed for its worst weekly performance since October after the global stock market sell-off squeezed investors betting against the greenback out of their positions. Read More
Renminbi Heads for Worst Day in Over 13 Months
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Renminbi Heads for Worst Day in Over 13 Months – Financial Times (subscription)
The renminbi weakened markedly, pulling back from a two-year intraday high in the previous session and on track for its worst day in more than a year as the dollar strengthened.
Patchy Bitcoin Oversight Poses Hazards for Investors, Regulators Say
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US regulators said Congress should consider expanding federal oversight of bitcoin and other cryptocurrency trading, as market cops amplify alarms about an asset class that is largely exempt from investor-protection laws. Read More
Dollar Slips But Investors Seek Safe Havens in Equity Rout
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Dollar Slips But Investors Seek Safe Havens in Equity Rout – Reuters
The US dollar slipped after earlier gaining when investors had dumped riskier assets for the relative safety of the greenback, but currency markets were generally calm compared with the rout in equity markets.
Sterling Nurses Losses Near One-Week Lows on Brexit Concerns
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Sterling Nurses Losses Near One-Week Lows on Brexit Concerns – Reuters
Sterling held near a one-week low as a weekend bout of negative news around Brexit negotiations weighed on the British currency although a central bank meeting later this week kept investors wary of adding bearish positions. Read More
Sterling Slips on Construction Data But Still in Best Run Since 2012
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Sterling Slips on Construction Data But Still in Best Run Since 2012 – Reuters
Sterling slipped, hit by weak data from Britain’s construction sector, but was nevertheless on track for its seventh straight week of gains against the dollar – the pound’s best run since 2012. Read More
Renminbi Posts Strongest Monthly Rally in Almost 40 Years
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Renminbi Posts Strongest Monthly Rally in Almost 40 Years – Financial Times (subscription)
The yuan experienced its strongest monthly rally for almost forty years in January, and analysts are expecting further gains to come, even as its strength begins to hurt local businesses. Read More
Blackstone Buys $17 Billion Stake in Thomson Reuters Financial & Risk
Blackstone Buys $17 Billion Stake in Thomson Reuters Financial & Risk – Profit & Loss
US private equity group Blackstone has agreed to buy 55% of the Financial and Risk (F&R) business of Thomson Reuters – a unit that includes the trading platforms owned by the firm.
Dollar Up for Second Day as Firmer Yields Support
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Dollar Up for Second Day as Firmer Yields Support – Reuters
The dollar climbed for a second consecutive day as investors took profits into a recent drop in the greenback in the backdrop of firmer bond yields and a central bank policy decision due this week. Read More
BNP Paribas’ US Unit Pleads Guilty to FX Price-Fixing Conspiracy
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BNP Paribas’ US Unit Pleads Guilty to FX Price-Fixing Conspiracy – Financial Times (subscription)
The US division of BNP Paribas pleaded guilty to a price fixing conspiracy and agreed to pay $90m, making it the latest bank to admit wrongdoing in the wide-ranging probe of fraud and misbehaviour in foreign exchange markets.