The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against The Royal Bank of Scotland for attempted manipulation of the ISDAfix benchmark.
The dollar steadied after poor wages data pushed back any speculation of a near-term rise in Federal Reserve interest rates and sealed the currency’s fourth straight weekly fall, its worst start to a year in more than three decades.
Speculators reduced bullish bets on the US dollar for a fourth straight week, as net longs fell to their lowest since late October, according to data from the Commodity Futures Trading Commission and calculations by Reuters.
Over the past few weeks, market chatter has been preoccupied with speculation over the dire consequences of a strong dollar in a world of rising US isolationism and protectionism.
Falling volatility in currency markets suggests traders are getting used to the rhetoric in US President Donald Trump’s tweets.
Sterling hit a one-week low against the US dollar, adding to a near two percent fall last week, as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union.
Caution crept through European bonds and currencies after prospective French presidential candidate Marine Le Pen unveiled a manifesto pledge to take her country out of the euro, underscoring political risk in the world’s biggest single market.
Intervention follows Trump adviser’s criticism of German trade surpluses.
An actually decent amount of currency intervention and a large trade reliance on the US? Hmmm…
After sinking to yet another low last month, the Mexican peso has been fighting back over the past two weeks as investors focus increasingly instead on the potential fallout from the president’s erratic, fly-by-the-seat-of-his-pants approach to foreign policies.
Asia’s top two performing currencies so far this year are unlikely to enjoy prolonged gains, with the new US administration’s increasing turn toward protectionism set to hit the economies of South Korea and Taiwan.
The second group of FX platforms to report average daily volume (ADV) for January has generally matched the month-on-month increase elsewhere but has suffered a year-on-year drop.
As the FX industry continues to evolve, so too does the skill set that employers require and the roles that are available.
Trump-era co-operation uncertain as congressman criticises deals with ‘foreign lands’.
Republican economist Michael Piwowar plans to use his role as interim leader of Wall Street’s top regulator to lay the groundwork for revamping financial industry rules, possibly including those governing the stock market and corporate disclosures.
Trump’s senior economic adviser says big American banks are overcapitalized, over-regulated and restrained from providing credit.
The new administration has made comments about regulation’s future that could put some policies on thin ice.
Switzerland’s Federal Council has issued a consultation paper on amendments required to its Banking Act and Banking Ordinance, to create an environment that helps Fintech start-ups thrive in the country.
Per Sjöberg, CEO of TriOptima, has decided to leave the business to pursue other ventures, according to Nex Group, which owns the business.
The Alternative Investment Management Association (AIMA) has published a guide for investment managers to help them understand and implement the requirements of the European Union’s updated Markets in Financial Instruments Directive (MiFID2), which will apply from January 2018.
Raj Iyer, who joined Bloomberg Tradebook as FX product manager in New York a year ago, is among the previously reported departures from the group.
Middle East investors, benefiting from a weak pound and rising oil prices, increased their spending in UK commercial property even as Brexit prompted buyers from every other region to shrink their spending.
Latin American currencies strengthened after US wages remained nearly flat in January, reducing expectations of a fast interest rate-hike cycle in the coming months.
The lira rallied more than one per cent on Friday despite more signs of weakness in Turkey’s economy, putting the currency on track for its best week since May 2015 by a comfortable margin and flirting with a five-year record.
The leu rebounded as Romania repealed a decree on graft that triggered mass protests, while risk appetite rose after weak US wages data cut the odds the Federal Reserve will hike interest rates soon.