Euro Breaches $1.19 for the First Time Since 2015
Top Headlines
Euro Breaches $1.19 for the First Time Since 2015 – Financial Times (subscription)
The euro briefly climbed above $1.19 against the US dollar, the first time it has crossed the threshold since the start of 2015. Read More
It’s Happened: Bitcoin Has a Hard Fork
Top Headlines
It’s Happened: Bitcoin Has a Hard Fork – Profit & Loss
The bitcoin blockchain has officially forked, meaning that a subset of bitcoin miners have started to operate a different software to create a new blockchain, but one that shares a transaction history with bitcoin.
Dollar Drop Adds to Longest Monthly Losing Streak Since 2011
Top Headlines
Dollar Drop Adds to Longest Monthly Losing Streak Since 2011 – Bloomberg
The dollar wrapped up its fifth monthly loss, the longest losing streak since 2011, as a risk-filled week got underway.
Five More Banks Settle Benchmark Claims
Top Headlines
Five More Banks Settle Benchmark Claims – Profit & Loss
Five banks have filed to settle a class action lawsuit brought against them over FX benchmark manipulation claims.
Libor Will End in 2021 Says Britain’s Top Financial Regulator
Top Headlines
Libor Will End in 2021 Says Britain’s Top Financial Regulator – City AM
Financial Conduct Authority (FCA) boss Andrew Bailey said the London interbank offered rate (Libor) will no longer receive the backing of regulators as the industry tries to move to a more reliable marker.
ECB Encourages Commitment to Global Code by May 2018
Top Headlines
ECB Encourages Commitment to Global Code by May 2018 – Profit & Loss
The European Central Bank (ECB) is publicly endorsing the statement of Commitment set out in the FX Global Code of Conduct and is encouraging FX trading counterparties to do the same. Read More
US Signals Clampdown on Red-Hot Digital Coin Offerings
Top Headlines
US Signals Clampdown on Red-Hot Digital Coin Offerings – Bloomberg
US regulators said they have jurisdiction over one of the hottest new areas of finance: initial coin offerings of digital currencies.
Dollar Rebounds From 14-Month Low as Fed Awaited, Meetings Eyed
Top Headlines
Dollar Rebounds From 14-Month Low as Fed Awaited, Meetings Eyed – Bloomberg
The dollar rebounded slightly from a 14-month low as Treasury yields rose while markets awaited this week’s Federal Reserve meeting and kept a wary eye on Capitol Hill meetings that involve members of the Trump administration.
Deutsche, JPM Move to Settle Libor Class Action
Top Headlines
Deutsche, JPM Move to Settle Libor Class Action – Profit & Loss
Deutsche Bank and JP Morgan have filed court documents seeking to settle a class action claim brought against them and other market participants over alleged Yen interest rate benchmark manipulation.
Not Backing Down: Euro Breaks New Highs Above $1.1650
Top Headlines
Not Backing Down: Euro Breaks New Highs Above $1.1650 – Financial Times (subscription)
This break higher euro may not be exactly what European Central Bank chief Mario Draghi had in mind. But it’s no blip.