Early Rally ‘as Good as It Gets’? Euro Keeps Sliding After Macron’s Win
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The euro continues to decline after the success of Emmanuel Macron in the French presidential election. Read More
BlackRock, Pimco Said to Plan New Front in Bank FX-Rigging Cases
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BlackRock, Pimco Said to Plan New Front in Bank FX-Rigging Cases – Bloomberg
Some of the world’s biggest investors are working with a US law firm to prepare a fresh wave of litigation against banks accused of rigging foreign exchange markets. Read More
Commodity Currencies Hit as Oil Slides; Yen Edges Higher
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Commodity Currencies Hit as Oil Slides; Yen Edges Higher – Reuters
The Canadian dollar set a 14-month low and the Australian dollar hit a four-month trough as oil prices slid, while the safe haven yen edged higher as risk sentiment wavered.
Two Market Giants Tried to Create a $75 Billion Mega-Exchange
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Two Market Giants Tried to Create a $75 Billion Mega-Exchange – Bloomberg
The world’s biggest exchanges are still looking for deals even though the merger of Deutsche Boerse and London Stock Exchange Group was scuttled by European regulators.
Dollar Inches Up as Fed Eyed for June Rate Hike Steer
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Dollar Inches Up as Fed Eyed for June Rate Hike Steer – Reuters
The dollar inched up against most major currencies, as investors eyed a US Federal Reserve statement later in the day for guidance on whether bets for a June interest rate hike are justified.
Dollar Hits One-Month High Vs. Yen on Mnuchin Bond Hints
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Dollar Hits One-Month High Vs. Yen on Mnuchin Bond Hints – Reuters
The dollar hit a one-month high against the yen, lifted by a surge in US government bond yields after US Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.
EU to Ease Derivatives Rules, Holds Fire on Euro Clearing Changes
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EU to Ease Derivatives Rules, Holds Fire on Euro Clearing Changes – Reuters
The burden of new regulation for derivatives markets would be eased and competition increased under proposals from the European Union’s executive, a document seen by Reuters showed, which omitted any moves to curb euro clearing in Britain after Brexit. Read More
Trump Drove Forex Trade Surges in First 100 Days: CLS Study
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Trump Drove Forex Trade Surges in First 100 Days: CLS Study – Reuters
A study of Trump’s first 100 days in office by currency market utility CLS shows the hourly surges in currency market volumes compared with the equivalent from the same trading day a year earlier around market-sensitive actions or comments by Trump or his aides. Read More
Mexican Peso, Canadian Dollar Stronger After White House Retreats from Nafta Exit
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The Canadian dollar and Mexican peso are holding onto earlier gains made against the dollar after the White House announced that it had “agreed not to terminate Nafta at this time”.
Are Traders Getting an Early Glimpse at UK Government Data? Currency Markets Suggest Yes
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A comparison of trading data for the Swedish krona and British pound may provide further evidence that some investors could be trading with knowledge of UK official statistics before they are published. Read More