Dollar Rallies Amid Tax Reform Talk, Pushing Euro Below 1.1900
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Dollar Rallies Amid Tax Reform Talk, Pushing Euro Below 1.1900 – Bloomberg
The dollar gained for a third day, its longest winning streak in more than a month, as hopes for US tax reform revived.
Currency-Rigging Scandal Leaves $2 Billion Up for Grabs
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Currency-Rigging Scandal Leaves $2 Billion Up for Grabs – Bloomberg
Currency investors risk leaving money on the table if they don’t submit claims on a $2.1 billion pot of settlement money paid by banks accused of rigging foreign-exchange rates. Read More
BoE Official Says New Global Forex Code May Need Tweaking
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BoE Official Says New Global Forex Code May Need Tweaking – Reuters
A new global code to stamp out attempts at rigging the world’s currency markets may need tweaking just months after it was published, a senior Bank of England official said. Read More
Renminbi Slides After China Relaxes Currency Controls
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Renminbi Slides After China Relaxes Currency Controls – Financial Times (subscription)
Sharpest drop in three months after central bank orders lenders to scrap two rules.
Dollar Weakens to New 33-Month Low as Euro Continues to Climb
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Dollar Weakens to New 33-Month Low as Euro Continues to Climb – Financial Times (subscription)
Major currencies gained across the board against the dollar as the greenback weakened to a new 33-month low and the euro climbed further following Thursday’s meeting of the European Central Bank’s governing council.
Euro Edges Higher Ahead of ECB Decision
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Euro Edges Higher Ahead of ECB Decision – Financial Times (subscription)
The euro ticked higher, signalling muted investor concern that European Central Bank chief Mario Draghi will attempt to talk the currency down when he speaks later in the day.
Judge Ticks Latest FX Benchmark Settlement Claim
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Judge Ticks Latest FX Benchmark Settlement Claim – Profit & Loss
Judge Lorna Schofield of the Southern District Court of New York has approved the proposed settlement that sees five banks pay $111 million for alleged FX benchmark manipulation.
Sterling Steadies Near $1.29 as Data Shows UK Economy Losing Steam
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Sterling Steadies Near $1.29 as Data Shows UK Economy Losing Steam – Reuters
Struggling sterling steadied just above $1.29, with weaker-than-expected numbers from Britain’s dominant services industry adding to a downbeat run of data that has seen the pound lose almost three percent versus the dollar in the past month. Read More
Dollar Weakens vs Yen, Franc on North Korea Nuclear Tests
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Dollar Weakens vs Yen, Franc on North Korea Nuclear Tests – Reuters
The dollar fell against the Japanese yen and the Swiss franc as concerns about geopolitical risks following North Korea’s latest nuclear test over the weekend prompted a rush to traditional currency hedges.
Swaps Rules Aimed at Curbing Risk to Go Into Effect in US
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Swaps Rules Aimed at Curbing Risk to Go Into Effect in US – Wall Street Journal (subscription)
The rules, which concern swaps that aren’t routed through clearinghouses, require written agreements detailing collateral arrangements. Read More