The dollar edged lower following sharp gains in the previous session, as investors focused on inflation data due this week that could determine the currency’s longer-term trajectory.
- Dollar Cools as Boost from Jobs Data Fades – Financial Times (subscription)
- Dollar Bears Are Undaunted After Getting Burned by Rally on Jobs – Bloomberg
The British pound rebounded modestly from an 11-day low against the dollar as the greenback steadied across the board after its biggest one-day gains this year.
The renminbi has strengthened by 3.4 per cent this year, a reversal from its record 6.5 per cent fall last year, in part reflecting central-bank efforts to squeeze bearish speculators.
China’s foreign exchange reserves rose twice as much as expected in July to a nine-month high as tighter regulations and a weaker dollar keep capital outflows in check.
Foreign-currency reserves have climbed again for the Swiss National Bank, reaching a new record high of SFr714.3bn in July, up by 3 per cent on the previous month.
Another quiet August? Can the euro break $1.20? Will central banks take action?
As cost pressures continue to mount in the bilateral swap market, market participants have increased their voluntary clearing of OTC products.
No one seems to want to claim it, did it just appear?
A number of factors, including the increased need for an audit trail for FX execution and a desire to limit market impact, are driving the adoption of algorithmic execution tools amongst buy side firms, says Petra Wikström, global head of execution and alpha solutions at BNP Paribas.
Nearly one thousand Bloomberg terminal users participating in an anonymous chat room had their identities unmasked this week when a London investment company sent out a list of the participants — including names and employers — to people in the chat room.
Kenya’s central bank is taking an unusual approach to protecting its currency: intimidation.
Business-friendly shift under President Trump is only one factor, as enforcement actions from the financial crisis wind down.
FCA wants to extend personal responsibility for breaches of sweeping new conduct rules.
The Office of the Comptroller of the Currency’s move to solicit feedback on rolling back the Volcker Rule was only the first step in a long process, yet observers say it shows how fractured the five agencies tasked with implementing the proprietary trading ban have become.
There’s widespread disagreement about the underlying causes of the financial crisis and the necessity of the regulations Dodd-Frank encompasses.
NEX Optimisation has enhanced its existing messaging services to help clients prepare for the introduction of MiFID II on 3 January 2018.
The acquisition of Bats Global Markets last year helped boost net revenue at CBOE Holdings by 85 per cent during the second quarter compared to the year ago period.
Aurora Investment Advisors is set to launch pair of funds later this year.
New functionality will enable clients to achieve better execution when trading illiquid currency pairs.
Prime brokerage recruitment is dwindling in London, but one nation’s banks are going for growth.
The Hong Kong dollar is nearing its lowest level in a decade against its US counterpart as the interest rate gap between the two continued to widen in favour of the US.
Bitcoin extended gains to a record, ignoring a split in the cryptocurrency over its future.
The Venezuelan bolivar has lost nearly half its value on the black market over the last week, a stark symbol of the country’s mounting economic and political problems.