The dollar inched higher, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009.
- Dollar Recovers After Fed Decision – Wall Street Journal (subscription)
- Traders’ Fed Roadmap Is Upended as Inflation Miss Rocks Markets – Bloomberg
Sterling fell half a percent against a broadly stronger dollar in morning trade in London, with weak retail sales numbers and concerns about efforts to form a new minority government driving it back below $1.27.
Proposals give central bank and regulator the power to bar biggest third-country CCPs.
The market’s renewal needs to be accompanied by real action – because there are still practices in the FX world that sit uncomfortably with some.
The Swiss National Bank maintained its ultra-loose monetary policy despite an easing in political risks across Europe which could reduce upward pressure on the strong Swiss franc.
Foreign capital flows may be embarking on a fourth great wave.
Kazakhstan’s central bank, which exited its investment in the pound before Britain’s surprise vote to leave the European Union a year ago, is growing more upbeat about the UK currency while taking a dimmer view of the euro and the yen.
South Korea’s vice finance minister said the government does not offer assessments on foreign exchange rates, and declined to comment on the potential effects of the US Federal Reserve interest rate hike.
If it is enacted, the bill passed by the House will lead to a whole range of changes to Dodd-Frank.
An esoteric requirement that bankers and some US officials have long said discourages firms from participating in the derivatives market – and makes the financial system less safe – is on the regulatory chopping block.
Treasury Secretary Steven Mnuchin wants Congress to expand his powers, giving him more influence over the Trump administration’s efforts to loosen regulations governing Wall Street and other financial institutions.
Ex-SEC head says hedge funds should expect greater harmonisation between regulators.
Market measures of bank balance sheet constraints have moved markedly since the release of the Treasury’s report on financial regulation, suggesting some investors may be beginning to price in an easier regulatory environment for banks.
New research from Greenwich Associates shows that long-term investors corporate end-users are turning to algorithms in FX trading.
Bundesbank board member expects most banks to make their relocation decisions by the middle of this year.
AxiomSL, a provider of regulatory reporting, data, and risk management solutions, has appointed former Thomson Reuters’ head of FX trading Philip Weisberg as a Strategic Advisor, according to information made public on his Linkedin profile.
CBOE’s institutional foreign exchange venue, Hotspot, announced that it will be introducing its summary depth feed on July 5, 2017 to deliver aggregated depth and trade information for the FX marketplace operated by Hotspot.
Saxo Bank has signed up to the FX Global Code of Conduct, which is aimed at improving industry standards and promoting best practice among FX market participants.
Most Asian currencies edged higher, buoyed by a retreating dollar as US inflation data was weaker than expected, leaving investors doubting there will be a third rate hike this year by the Federal Reserve.
Investors injected further momentum into the Canadian dollar rally, egged on by hawkish comments from policymakers, pushing it to its best level against its US counterpart for 3½ months.
The Australian dollar led gains in Asia after new data showed new employment rising by more than four times the expected level in May.