Yen Gains as RBA, Riksbank Decline to Join Hawks
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Yen Gains as RBA, Riksbank Decline to Join Hawks – Reuters
An unchanged stance on Australia’s interest rates from its central bank dominated major currency markets, pushing the Australian dollar lower and helping drive a bounce for the yen from seven-week lows. Read More
Dollar Steadies After Worst Quarter in Seven Years
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Dollar Steadies After Worst Quarter in Seven Years – Reuters
The dollar recovered some ground as a rise in US government bond yields to their highest in seven weeks helped halt a run of losses that added up to the currency’s worst quarter since 2010.
FSB Sees Derivatives Reform Progress: But More Needed
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FSB Sees Derivatives Reform Progress: But More Needed – Profit & Loss
The Financial Stability Board (FSB) has published three reports looking at the ongoing derivatives markets reform process and while the news is broadly positive the FSB says there is still more progress needed on trade repositories (TRs). Read More
Dollar Slides as Foreign Central Bankers Signal Policy Tightening in Europe, UK
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String of foreign central bankers hint they could move away from ultraloose monetary policy.
Euro Hits 2017 High After Draghi Hints on Tapering
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Euro Hits 2017 High After Draghi Hints on Tapering – Financial Times (subscription)
The euro climbed to a fresh 2017 peak and eurozone sovereign bond yields reached five-week highs as investors bet remarks by Mario Draghi were a signal the European Central Bank chief was poised to withdraw economic stimulus measures.
Mexican Peso Rises to Highest Against Dollar in a Year
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Mexican Peso Rises to Highest Against Dollar in a Year – Wall Street Journal (subscription)
The Mexican peso rose to its highest level in more than a year against the dollar, leading this year’s rally in emerging-markets currencies that had fallen around the time of US presidential election.
Pound Rises a Fourth Day Before May’s EU Citizen-Rights Proposals
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Pound Rises a Fourth Day Before May’s EU Citizen-Rights Proposals – Bloomberg
The pound rose for a fourth day versus the dollar before Prime Minister Theresa May gives more details on her plan to preserve the rights of European Union citizens living in the UK after Brexit. Read More
Sterling Jumps as Market Prices in BoE Shift
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Sterling Jumps as Market Prices in BoE Shift – Reuters
Sterling gained by almost half a percent against the dollar, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months.
Dollar Slips as Investors Watch Oil, Fed Speakers
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Dollar Slips as Investors Watch Oil, Fed Speakers – Wall Street Journal (subscription)
The dollar slipped as investors digested weak oil prices and mixed messages from Federal Reserve officials. Read More
Ktorza Ruling Overturned
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Ktorza Ruling Overturned – Profit & Loss
A UK appeals court judge has decided that former JP Morgan FX salesperson Patrice Ktorza’s case must be reheard by an employment tribunal.