The dollar held firm, having rebounded from 6½-month lows against its major peers helped by a rise in US Treasury yields, while the yuan eased after Moody’s cut its sovereign rating on China due to concerns over the country’s soaring debt.
China’s financial markets quickly brushed off Moody’s Investors Service’s decision to cut its rating on the nation’s debt for the first time in almost three decades, with stocks, bonds and the currency little changed.
Index of UK revenue earners turns positive since June while FX stocks hold their nerve.
The pound is heading lower whatever the outcome of the UK’s elections, according to BlueBay Asset Management.
Macron’s win helps currency become best performing in G10 this year.
Bond trading revenue at the world’s top banks rebounded sharply in the first three months of the year as strong activity in credit and interest rate products eclipsed the lowest currency trading volume in over a decade, a survey showed.
Not only is this a deal that has long been rumoured (only the identity of the buyer was unknown) it also appears to be a deal that makes a great deal of sense.
More than 20 banks and asset management firms are in advanced discussions with regulators in France about shifting jobs there following Britain’s vote to leave the European Union, former Bank of France chief Christian Noyer said.
As new regulations loom, infrastructure providers are stepping up their efforts.
The Republican-led US derivatives regulatory agency is splitting with the White House over how large its fiscal 2018 budget should be, saying it needs extra funds to help carry out its mission.
The reliance of the eurozone’s financial system on the policies of its central bank have been laid bare in the European Central Bank’s latest financial stability review, which highlights the risks posed by attempts to rein in extraordinary monetary stimulus.
The Financial Stability Oversight Council (FSOC), which brings together all US financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens.
Labor Department clears retirement-savings regulation, ending uncertainty for brokers and investors.
An internal dispute over debit card fees is threatening to stall a top Republican priority.
NEX Optimisation will be launching its new NEX Infinity platform in July, when its clients will be able to start testing spot FX and cash equities in the Infinity distributed ledger.
Kevin Cudahy joins Cürex Group in New York as a managing director, business development.
Managed futures traders gained 0.16% in April, according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, however, the Index remains down -0.66%.
In a rare public speech, she urges making digital currency more accessible for individuals and institutions.
This represents the largest single investment in a firm providing distributed ledger technology (DLT) services to date.
China’s renminbi is sitting weaker after Moody’s Investors Services cut its credit rating on the country.
The South African rand has strengthened past 13 per dollar for only the second time since Jacob Zuma sacked his finance minister in March, after reports suggested the president himself could be on the way out amid growing pressure from within the ruling African National Congress.
The rupee and stocks extended losses after the Indian Army said it launched military raids into a Pakistan-controlled part of Kashmir to destroy camps hosting terrorists.