Speculators Bullish on Mexican Peso for First Time Since 2015
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Speculators Bullish on Mexican Peso for First Time Since 2015 – Financial Times (subscription)
The Mexican peso has shed pretty much all its Trump-election risk premium, becoming one of the best performing major currencies in 2017.
Euro Jumps as Investors Cheer French Election Results
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Euro Jumps as Investors Cheer French Election Results – Wall Street Journal (subscription)
Analysts and investors see increased appetite for European assets.
Deutsche Bank Fined by Fed Over Lack of Controls
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Deutsche Bank Fined by Fed Over Lack of Controls – Profit & Loss
The Federal Reserve has announced two enforcement actions against Deutsche Bank that requires the bank to pay a combined $156.6 million in civil money penalties.
China Lifts Renminbi Capital Controls as Outflows Pressure Eases
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China Lifts Renminbi Capital Controls as Outflows Pressure Eases – Financial Times (subscription)
Central bank eliminates curb on outbound renminbi payments imposed in January.
Sterling Consolidates After Election Surge
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Sterling Consolidates After Election Surge – Reuters
Sterling hovered a cent below Tuesday’s six-and-a-half month highs against the dollar, the jury still out on whether it can make more progress on the back of optimism around the shock calling of a June 8 parliamentary election.
Sterling Recovers from Dip as Election Called
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Sterling Recovers from Dip as Election Called – Profit & Loss
Sterling dropped around 80 points as the market was spooked by news that UK Prime Minister Teresa May was to make a major announcement imminently, Cable falling to 1.2515 from1.2585 in a matter of minutes.
Dollar Set for Weekly Losses as Tensions with Pyongyang Rise
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Dollar Set for Weekly Losses as Tensions with Pyongyang Rise – Reuters
The dollar nursed losses, on track for a losing week as continuing tensions in North Korea underpinned the perceived safe-haven Japanese currency.
Dollar Stabilises After Trump’s Intervention
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Dollar Stabilises After Trump’s Intervention – Financial Times (subscription)
The dollar is regaining some poise after president Donald Trump sent the currency sliding yesterday with his surprising assertion that the buck is “too strong”.
Yen Hits Multi-Month Highs as Risk-Off Mood Persists
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Yen Hits Multi-Month Highs as Risk-Off Mood Persists – Reuters
The yen hit five-month highs against the dollar, euro and sterling, as simmering geopolitical tensions checked risk appetite and put the safe-haven Japanese currency in favour.
Dollar Edges Down as US Treasury Yields Slip on Geopolitical Fears
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Dollar Edges Down as US Treasury Yields Slip on Geopolitical Fears – Reuters
The dollar fell in Asian trading, as concerns over tensions with North Korea and Syria weighed on US Treasury yields and offset expectations of US interest rate hikes. Read More