The dollar inched up to a 10-day high, after minutes from the US Federal Reserve’s January meeting showed policymakers confident in rising inflation and the need for interest rates to keep increasing.
- Dollar Edges Higher in Asia as Renminbi Returns to Trading – Financial Times (subscription)
- US Dollar Rallies After Fed Shows Inflation Concern – Wall Street Journal (subscription)
Here’s a conundrum: the dollar index has dropped 2.5 per cent so far this year, and no one seems to agree about why the US currency has been soft in 2018.
Sterling settled at a one-week low as markets grew more convinced that the Bank of England will raise interest rates again in May on the back of an improving economy, though already large bullish positions may temper any big move higher.
UK lawmakers are launching an inquiry into cryptocurrencies to investigate their benefits and risks and consider how the new technology should be regulated.
Central bank hopes plan to preserve access for EU CCPs will be reciprocated.
The new chief executive of Deutsche Börse has said he wants the Frankfurt exchange to win at least a quarter of the market for clearing euro interest rate swaps from London by 2019 and called on politicians for more support in its efforts.
As Theresa May tries to navigate the political minefield of Brexit, the future of the key financial market infrastructure located in London is becoming increasingly urgent.
Deutsche Bank became the first large bank to publicly announce the beginning of a wholesale relocation of client business out of the UK in response to Britain’s vote to leave the European Union.
Some firms still consider cryptocurrencies to be too risky to include in their portfolio.
- ‘Bitcoin is Not Investable’, Warns World’s Biggest Funds Adviser – Financial News
- Crypto Exchanges Welcome Regulators as They Woo Institutional Clients – American Banker
2018 is a big year for the FX Global Code as it will celebrate its first anniversary – a date by which all participants are expected to have adhered to the code’s principles.
Algorithmic trading is becoming an indispensable tool for corporate treasurers as they seek new and efficient ways to manage their foreign exchange exposures.
Markets need human traders to provide, if nothing else, a sanity check on prices.
The Trump administration recommended retaining the government’s power to seize and unwind a failing financial firm in a crisis, departing from some conservative Republican lawmakers and endorsing a plank of the 2010 Dodd-Frank financial law.
Regulators need to look into the fact some large data firms and exchanges are not complying with rules to make trade data available for free.
Dismisses low-inflation worries and backs ‘gradual’ rate hikes.
The operator of a now-defunct cryptocurrency investment platform was charged with lying to US regulators to hide the fact that hackers stole more than 6,000 of his customers’ bitcoins.
Global asset manager Russell Investments said it has reduced its execution costs in foreign exchange trading by approximately two-thirds via a multi-layered netting approach.
Al Crane has joined MarketFactory as director of sales, based in London.
Analysts with Moody’s Investors Service see only “moderate” risk at the current low volumes.
EM stocks, FX and local debt are still holding onto 2018 gains.
Bitcoin is trading at a big premium in South Korea thanks to bullish news out of the country.