Dollar Weakens After Fed Leaves Rates Unchanged
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Dollar Weakens After Fed Leaves Rates Unchanged – Bloomberg
The US dollar extended losses against a basket of major currencies on Wednesday after the US Federal Reserve left monetary policy unchanged and projected a less aggressive rise of interest rates in coming years.
US Judge Narrows Currency Rigging Lawsuit Against Seven Banks
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US Judge Narrows Currency Rigging Lawsuit Against Seven Banks – Reuters
The US judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank, Morgan Stanley and five other large banks that have yet to settle. Read More
A Trump Victory – Currency Markets Are Asking What If?
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A Trump Victory – Currency Markets Are Asking What If? – Financial Times (subscription)
Medical bulletins about the Democratic nominee are helping to shake investors from their seeming indifference about the US presidential election, forcing them to at least confront the possibility that her opponent, the maverick Donald Trump, might just win. Read More
Hedge Fund Managers Tweak the Model to Retain Assets
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Hedge Fund Managers Tweak the Model to Retain Assets – Profit & Loss
Hedge fund managers are becoming more innovative and open to negotiation over fees in return for the ability to lock in assets for longer. Read More
Last Look in the Spotlight for ACI’s Model Code
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Last Look in the Spotlight for ACI’s Model Code – Profit & Loss
The eternally tricky subject of last look is being reviewed by the Committee for Professionalism at ACI – The Financial Markets Association with a view to a potential re-write of guidelines published in ACI’s Model Code. Read More
ICAP Names Johnson CEO of EBS BrokerTec
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ICAP Names Johnson CEO of EBS BrokerTec – Profit & Loss
ICAP plc (Icap), this morning announced that Seth Johnson, currently head of strategy at its global broking division, has been appointed CEO of EBS BrokerTec, taking over from outgoing CEO Gil Mandelzis who, as announced on 21 July is leaving Icap. Read More
Post-Brexit London “Certain” to Lose Euro Clearing
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Post-Brexit London “Certain” to Lose Euro Clearing – Financial News
Charlie Bean, a former deputy governor of the Bank of England, sees it as a certainty that London will lose its role in clearing euro-denominated derivatives and other financial contracts. Read More
FXPA Welcomes Jump Trading as Governing Council Member
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FXPA Welcomes Jump Trading as Governing Council Member – FXPA
The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of Jump Trading as the newest Governing Council Member of the FX trade group. Read More
G20 Leaders Find Common Ground on Currency as Curtain Comes Down on Hangzhou Summit
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The world’s 20 major economies will talk to each other on exchange rates and refrain from a currency race to the bottom as part of a joint policy package to soothe financial markets and revive global growth. Read More
China, US Commit to Refrain from Competitive Currency Devaluations
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China, US Commit to Refrain from Competitive Currency Devaluations – Reuters
China and the United States on Sunday committed anew to refrain from competitive currency devaluations and China said it would continue an orderly transition to a market-oriented exchange rate for the yuan. Read More