Daily FX Trade More Like $3 Trillion Than 5: CLS
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Daily FX Trade More Like $3 Trillion Than 5: CLS – Reuters
The world’s biggest financial market may be only half as big as you thought it was. Read More
Dollar Hits Seven-Week High vs Yen Ahead of US Jobs Data
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Dollar Hits Seven-Week High vs Yen Ahead of US Jobs Data – Reuters
The dollar rose to seven-week highs against the yen, as investors awaited US jobs data that is likely to cement expectations of a Federal Reserve interest rate hike next week.
Euro Firm, Stocks Soft Ahead of ECB Decision
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Euro Firm, Stocks Soft Ahead of ECB Decision – Financial Times (subscription)
The euro is a touch firmer and Bund yields are trundling higher with Treasuries as traders await the latest monetary policy decision by the European Central Bank.
G20 Draft No Longer Rejects Protectionism or Competitive Devaluations
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G20 Draft No Longer Rejects Protectionism or Competitive Devaluations – Reuters
The world’s financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an “open and fair international trading system”. Read More
Sterling Hits Seven-Week Low Before Second Lords’ Brexit Vote
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Sterling Hits Seven-Week Low Before Second Lords’ Brexit Vote – Reuters
Sterling fell to a seven-week low against the dollar, ahead of a second vote in Britain’s upper house of parliament on legislation giving Prime Minister Theresa May the right to start formal Brexit talks.
Politics ‘Tightening Grip’ on Financial Market Behavior: BIS
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Politics ‘Tightening Grip’ on Financial Market Behavior: BIS – Reuters
Investors are focusing more on politics and have become more selective in what they buy, the Bank for International Settlements (BIS) said in its latest signal that markets may be breaking free from a dependence on central bank support. Read More
Sterling Hits Seven-Week Low After Weak UK Services PMI Data
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Sterling Hits Seven-Week Low After Weak UK Services PMI Data – Reuters
Sterling fell to a seven-week low as a survey showed growth in Britain’s dominant services sector cooling and British Prime Minister Theresa May played down talk of a fresh Scottish independence vote as the UK prepares to leave the EU. Read More
CBOE Closes Bats Acquisition
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CBOE Closes Bats Acquisition – Profit & Loss
CBOE Holdings (CBOE) announced the completion of its acquisition of Bats Global Markets in a cash and stock transaction valued at approximately $3.4 billion (based on the closing price of CBOE shares on February 28).
Dollar Surges as Fed Speakers Raise Hopes of March Hike
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Dollar Surges as Fed Speakers Raise Hopes of March Hike – Reuters
The dollar hit its highest in seven weeks as signs from two influential Federal Reserve policymakers that interest rates could rise this month overshadowed President Donald Trump’s first major policy speech to Congress.
Icap Dismissed from Euribor Class Action
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Icap Dismissed from Euribor Class Action – Profit & Loss
Nex Group says that the United States District Court in the Southern District of New York has dismissed two entities which formed part of the Icap Group (Icap plc and Icap Europe Limited) from a class action case brought by various investors who alleged manipulation of the Euro Interbank Offered Rate, Euribor. Read More