Euro Holds Below 14-Month Highs Before ECB Decision
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Euro Holds Below 14-Month Highs Before ECB Decision – Reuters
The euro hovered below a 14-month high before a policy decision by the European Central Bank that may lay the grounds for a policy shift later this year. Read More
Study Seeks to Challenge FX Aggregation Assumptions
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Study Seeks to Challenge FX Aggregation Assumptions – Profit & Loss
A study released by Deutsche Bank seeks to challenge the assumption that having more liquidity providers in an aggregator inevitably leads to better execution. Read More
BNP Paribas Agrees $246m FX Settlement
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BNP Paribas Agrees $246m FX Settlement – Profit & Loss
BNP Paribas (BNPP) has agreed a $246 million settlement with the Board of Governors of the Federal Reserve System (FRB) relating to past misconduct in its foreign exchange business.
Sterling Slips Back Below $1.31 as Brexit Talks Begin
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Sterling Slips Back Below $1.31 as Brexit Talks Begin – Reuters
Sterling slipped back below $1.31 after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off.
Six Banks Face Lawsuits Over Last Look
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Six Banks Face Lawsuits Over Last Look – Profit & Loss
Six banks are facing a class action lawsuit over alleged abusive practices involving the use of last look in their e-FX businesses. Read More
Swiss Franc Shock of 2015 Came as No Surprise for Some, BIS Paper Finds
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Doubts in financial markets had already crept in about the Swiss National Bank’s commitment to the franc ceiling even before the SNB unexpectedly jettisoned the policy in January 2015, according to a paper published by the Bank for International Settlements. Read More
‘Reigning Supreme’: Euro Edges Up to New 14-Month High Ahead of Yellen Testimony
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The euro has climbed to its highest intraday level against the dollar in more than 14 months ahead of congressional testimony from US Federal Reserve chair Janet Yellen. Read More
CFTC to Review Swaps Reporting Rules
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CFTC to Review Swaps Reporting Rules – Profit & Loss
The US Commodity Futures Trading Commission (CFTC) says it is to launch a “comprehensive review” of its swap data reporting regulations.
Dollar at Two-Month Highs vs Yen on Policy Divergence
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Dollar at Two-Month Highs vs Yen on Policy Divergence – Reuters
The dollar climbed to a two-month high against the Japanese yen as robust jobs data propped up US Treasury yields, although investors were wary of adding big positions before Federal Reserve chief Janet Yellen’s testimony this week.
Dollar Hits Seven-Week High vs. Yen as BOJ Eases, Payrolls Eyed
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Dollar Hits Seven-Week High vs. Yen as BOJ Eases, Payrolls Eyed – Reuters
The dollar hit a seven-week high against the yen after the Bank of Japan increased its purchases of government bonds, expanding monetary policy at a time when other major central banks are moving towards tightening.