President Donald Trump’s recently confirmed head of the US derivatives regulator plans to remove restrictions on where swaps can be traded, revising a rule from the Dodd-Frank financial law critics say has diminished market liquidity.
Investors increased bets that the US dollar will decline further after its worst seven-month start to a year in three decades with disappointing inflation figures expected to keep a lid on the pace of Federal Reserve rate increases.
The slow-growing US economy could use a tailwind, and it’s getting one in the form of a weaker dollar.
Sterling inched down against a broadly stronger dollar, holding close to the $1.30 level that has proved an anchor for the past month despite a series of negative headlines from the first weeks of Brexit negotiations.
Traders focus on currency cross as Brexit and interest rate policy weigh on pound.
ECB looks to scale back QE, one of the chief props of eurozone recovery.
Tip of the spear for bouts of market aversion is a liquidation of currency carry trades.
China’s yuan firmed against the US dollar after the central bank guided the currency higher for the fifth straight day, setting the midpoint at its strongest in nearly 11 months.
Policy makers in Indonesia and Malaysia have been so successful in quashing currency volatility that this is breeding a new danger: complacency.
Bangko Sentral ng Pilipinas Governor Nestor Espenilla called for calm after the peso fell to an almost 11-year low against the dollar last week, saying the currency isn’t expected to free fall given the nation’s strong economic fundamentals.
Rally reflects massive currency drop in black market rate.
This question first popped into my head when I heard about another strange trading episode around the New York close.
The price of the digital currency bitcoin crossed over the $4,000 mark for the first time in its nine-year history, despite a widespread selloff in other major digital currencies.
Although Greg Wood, SVP, global industry operations and technology at the Futures Industry Association (FIA), says that technology is increasingly causing FX to trade in smaller sizes, he says that experience in other asset classes shows that this doesn’t necessarily mean that liquidity is diminishing.
The European Securities and Markets Authority (ESMA) has been urged to review its approach to large-in-scale derivatives transactions after it U-turned on whether they should be subject to the trading obligation.
Nearly seven months into the Trump administration, regulators are setting the stage for a wave of eased rules.
Industry warned that the rules “would impose significant operational challenges”.
The biggest banks have already digested the myriad requirements of the complex 950-page Volcker Rule and have spun off prohibited proprietary trading units, but the industry is still pushing Congress to fully repeal the rule.
After a multiyear review, the regulator concluded that excessive regulatory duties are hobbling bank boards and distracting directors from the more important work of guiding bank strategy and adopting effective governance at their institutions.
The brokerage business fiercely fought the new retirement advice rule. But so far for Wall Street, it has been a gift.
Digital currency exchange, Coinbase, has raised $100 million in Series D funding.
Michael Sarro has joined INTL FCStone as a product manager in its global payments business.
Two large hedge fund companies have dropped their licences for the EU regulation.
Want a client fund account with Barclays or HSBC? No problem!
The patent application details their process for using a blockchain to pair transaction requests, specifically, data of trades and clearing positions, according to a spokesperson from Nasdaq.
Emerging market stocks rebounded from one-month lows tracking gains in developed markets, with Asian markets shrugging off weaker-than-expected Chinese data and currencies assisted by the dollar staying just off one-week lows.
The Sri Lankan rupee traded steady as dollar selling by banks and exporters offset the importer demand for the US currency, dealers said.
The Uzbek sum has gained about nine percent against the dollar on the Central Asian nation’s black market over the past seven days, as a full-scale exchange rate liberalisation appears imminent.