Currency investors risk leaving money on the table if they don’t submit claims on a $2.1 billion pot of settlement money paid by banks accused of rigging foreign-exchange rates.
Softening worries about North Korea and Hurricane Irma damping demand for the safe-haven yen play.
Forex markets pose a threat to a synchronised recovery needed to validate stock prices.
Sterling fell back from a one-year high to trade flat against the dollar, after wage growth data in Britain came in weaker than expected.
PBOC seen needing to change tactics as yuan direction reversed.
The impressive adoption of e-trading in FX over the past decade stands out not only versus other asset classes, but also because it has developed via natural market demand and not regulatory mandate.
Ominous omen? Bitcoin, the crypto currency that has exploded higher this year, has overtaken the also-buoyant Nasdaq Composite as the world’s most crowded trade, according to a closely watched survey released.
Another recovery in investment banking looks to be evaporating before investors’ eyes.
Donald Trump may have lost his business advisory panel but the US president has not entirely lost Wall Street.
European Commission president prepares to deliver State of the Union speech.
Republican Hester Peirce and Democrat Robert Jackson seek to fill two vacancies on the commission.
The Trump administration is looking to ease financial-strength requirements for big banks, on the grounds that they’ve already done enough to avert another crisis. But how much safer have they really become?
Australia’s corporate regulator took aim at the nation’s four major banks, saying the powerful institutions “with a lot of hubris” aren’t used to being taken on by regulators who have stepped up scrutiny of the scandal-hit sector.
Financial watchdog flying blind in brave new world of virtual currencies.
US regulations enacted after the financial crisis will likely be revisited and watered down but not eliminated in their entirety, in part because they give much-needed clarity to market participants, the head of CME Group said.
Managed futures traders showed gains of 1.87% in August, according to a flash estimate of the BarclayHedge BTOP50. For the year-to-date period, the index is down 2.39%.
ISAM (Isam) has set up ISAM Capital Markets – a holding company consisting of IS Prime, IS Prime Hong Kong and IS Risk Analytics (ISRA).
Edgewater Markets has launched a new South American operation based in Santiago, Chile, that will be headed up by Jose Antonio Buenaño.
Global network provider BSO has optimised the speed across its London to Tokyo route.
Most emerging Asian currencies brushed off the recent dollar rally and edged higher the Chinese yuan rebounded from three straight sessions of losses and Asian shares inched up to a 10-year high.
The Romanian leu held steady after lower-than-expected inflation data, which confirmed that the pace of price growth across the region remains moderate.
The blows keep on coming for bitcoin. The crypto currency dropped to a three-week low after Jamie Dimon and other big names in the financial industry issued wary remarks about bitcoin’s surge this year.