The dollar extended losses when Donald Trump’s inauguration speech offered scant details on his fiscal policies while emphasizing an “America first” approach to foreign policy, spurring concerns of rising trade protectionism.
- Unease Over Trump Sends Dollar to One-and-Half Month Low – Reuters
- Trump Un-Nerves Investors, Denting Buck and Boosting Havens – Financial Times (subscription)
- US Dollar Weaker as Protectionist Talk Trumps Economic Stimulus – Wall Street Journal (subscription)
What impact will the election of Donald Trump have on the regulatory landscape for foreign exchange?
For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar.
Sterling hits a fresh high for 2017 as it benefits from dollar weakness and anticipation of Brexit ruling.
The sharp drop in sterling that has followed the Brexit referendum has imparted a major shock to anyone doing business, or owning assets, across the UK border.
If you want to know whether the Trump trade has legs, keep an eye on dollar-yen.
Mexico’s peso extended its rally and strengthened 0.8 percent to trade at 21.4064 pesos per dollar – its strongest level in two weeks.
While the currency market fixates on the Mexican peso every time US President Donald Trump tweets about trade, the Canadian dollar may have more at stake if protectionist policies materialize.
Christopher Giancarlo has been designated per seriatim as Acting Chairman of the US Commodity Futures Trading Commission (CFTC).
Turkey’s lira weakened slightly as investors took a cautious tack a day before a central bank meeting widely seen as a major credibility test in the face of a tumbling currency.
European Union regulators told Deutsche Boerse and London Stock Exchange Group that their $12 billion deal to create the region’s dominant exchange operator combines two direct rivals that may eliminate clearing services competitors, according to two people who’ve seen the EU’s statement of objections.
High cost of borrowing in China, country’s effort to punish short sellers are cited.
Will the liquidity provider still be there in torrid times?
The US dollar and 10yr USD Treasury yields peaked in mid-December, while equity markets have lost their upside momentum.
A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable.
The swaps market could suffer disruption if buy side trading firms aren’t ready for the March 1 deadline for the implementation of new margin requirement rules, speakers at SefCon VII warned.
Departing chairman says the CFTC already does “a good job” of analysing costs.
Regulators bar bankers from making net renminbi outflows as part of capital controls regime.
Mandatory clearing of OTC derivatives will come into force in Canada from April this year.
Wells Fargo is disbanding its International Group, which includes foreign exchange, and switching the components into areas of its Wholesale Banking Group.
ICE Clear US has applied to change its collateral policy to only accept US dollars from clients giving up cash as original margin.
360T has hired Sipho Simela to work in its real money sales team in New York.
Aston Capital Management has gone live in the LD4 Equinix data centre, conducting the first test trades on Thursday last week.
Under regulatory pressure to rein in speculation, three largest exchanges will charge 0.2% per transaction starting at noon Tuesday.
Emerging-market stocks and currencies headed for the highest levels in 11 weeks as US President Donald Trump’s first days in office produced no policy announcements to buoy the dollar.
Australian quarter-on-quarter CPI expected to rise 0.7%, and New Zealand’s 0.3%.
The rupee opened 13 paise higher at 68.05 against dollar on account of selling in American currency by banks and exporters.