The dollar index, measuring the greenback against a basket of peers, was mostly unmoved after the US said it would begin levying tariffs on imports of steel and aluminium from the EU, Canada and Mexico.
Sterling languished near a six-month low despite data showing UK manufacturing growth picked up speed in May for the first time in six months, as worries about Italy’s political crisis and new US trade tariffs dominated the market psyche.
The euro consolidated gains and is set to break a six-week losing streak following a drop in Italian bond yields after a revived coalition deal between Italy’s two anti-establishment parties reduced concerns of immediate elections.
Euro area’s recurrent financial stress reflects systemic flaws.
The gross mark-to-market value of all derivatives contracts held by UK banks are at their lowest since December 2007, Bank of England data shows, continuing a slide that began in the middle of 2016.
With a spike in volatility and the opportunity to consign conduct issues to the past, this might have been a turning point for global FX, but faced with a range of challenges, many market makers are retreating to core competencies.
A Barclays trader referred to a female colleague with a derogatory term after she refused to help him in an interest-rate rigging scheme that prosecutors say involved both of them.
The new Volcker rule comes at an opportune time for banks, which are poised to ride a new wave of global market volatility.
Reporting platforms told by regulator to substantially improve quality of publicly reported data.
US crypto exchange to offer fiat trading to corporate users.
Poloniex suspended trading and withdrawals until clients upload new documentation required to verify accounts, spurring concern among some users that they won’t be able to recover their funds.
An increase in commercial usage will help price discovery, according to the co-founder of Coinfloor.
ImToken users account for a fifth of Ethereum transactions.
The Envion experience is the latest reminder of how the sudden rise of virtual currencies has allowed entrepreneurs to have direct access to investors without regulatory oversight – often with financially disastrous consequences for investors.
Philippe Bonnefoy, founder of Eleuthera Capital, explains why the FX industry suffers due to a lack of an effective industry benchmark.
Why is 360T buying an ECN?
The dollar’s run is ending and it’s time to return to emerging market currencies after their two-month slump, according to AMP Capital Investors.
Emerging market rout has so far spared PBoC, but currency faces headwinds.
Turkey’s currency took a blow, sinking almost two per cent on the US dollar after a survey of manufacturers pointed to a deeper slowdown in the sector amid a further increase in price pressures.