The dollar wrapped up its fifth monthly loss, the longest losing streak since 2011, as a risk-filled week got underway.
- Dollar Weakness Lingers Amid White House Drama – Financial Times (subscription)
- Dollar Inches Up from 2½ Year Low vs Euro; Focus on US Data – Reuters
Britain’s pound climbed to its highest levels against the dollar since mid-September, as data showing UK manufacturing growth recovered from a seven-month low in July eased concerns about an economic slowdown.
As the European Central Bank lowered eurozone interest rates to weaken the euro and help the bloc out of its deflationary slump, businesses in neighbouring countries have counted the cost.
After overseeing months worth of gradual appreciation in the yuan, China is now hinting it’s ready to sit back and see how things fly.
Unsurprisingly the first group of FX platforms to report results are indicating a drop off in activity in July.
This week, after years of industry infighting, the digital currency bitcoin is set to get a new competitor: itself.
A top financial regulator installed by the Trump administration said he wouldn’t seek to delay a new rule on arbitration agreements, skirting a showdown with another agency.
The Securities and Exchange Commission’s concern about “initial coin offerings” is understandable.
Brexit will push up costs for banks by as much as four per cent and their capital requirements will rise up to 30 per cent, according to the most detailed assessment yet of what Britain’s departure from the EU means for the sector.
South Africa’s central bank is mandated by the constitution to protect the value of the currency, governor Lesetja Kganyago said, in the wake of a proposal by the head of anti-graft watchdog to switch the target of its monetary policy.
BNP Paribas has hired Joseph Pinto in New York as head of electronic FX distribution for the Americas.
HSBC Holdings faces as much as $300 million in legal and relocation fees as it prepares to move 1,000 staff to Paris, in one of the first indications of the cost of Brexit to the UK’s financial industry.
Deutsche Bank has signed a lease for a new London headquarters, confirming its commitment to the city despite plans to move some staff to Frankfurt following the vote to leave the EU.
Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, has announced that 10 new organizations have joined the project.
Argentina’s peso currency rose against the dollar for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the peso’s rapid decline to historic lows.
Stocks climbed, bonds fell and the Australian dollar crossed the $0.8 mark Down Under ahead of a rates decision from the Reserve Bank of Australia.
The Canadian dollar recovered somewhat against the US dollar after the White House said the president’s recently named communications director was out of a job and US crude oil prices pushed above $50 a barrel.