The US dollar climbed, on track for its first weekly rise in two, as progress of the US tax plan through the Senate raised hopes of a fiscal boost to the economy, though the lack of inflationary pressures checked gains.
- Dollar Gains After Republicans Clear Hurdle to $1.5tn Tax Cut – Financial Times (subscription)
- Dollar Gains as Senate Budget Vote Lifts Tax-Cut Hopes – Wall Street Journal (subscription)
Britain’s pound skidded to a two-week low amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit.
Not a great end to the week for sterling bulls.
Prosecution’s recorded phone calls are at heart of fraud case.
A potentially explosive battle is brewing over a seldom-discussed aspect of the looming MiFID II laws, which will force traders of any European asset class to hand over personal identification such as passport numbers to every venue they trade on.
As exchanges look to snap up a bigger share of foreign-exchange business, they face the challenge of catering to investors’ multiple trading models.
The schism between the blockchain providers and cryptocurrency users that want to in some way overturn the current financial system and those that want to work within it, was highlighted by comments made at the Swell conference hosted by Ripple this week in Toronto.
Federal Reserve Governor Jerome Powell is the leading candidate to become the chair of the US central bank after President Donald Trump concluded a series of meetings with five finalists Thursday, three administration officials said.
Former JPMorgan executive to oversee broker deals, high-speed traders and exchanges.
Global bank watchdogs are acting as a line of defense against an American deregulatory push.
Cryptocurrencies are not “mature” enough to be considered by the European Central Bank (ECB) for regulation, Mario Draghi said.
Metamako, a provider of FPGA-enabled high-performance networking platforms, and the Securities Technology Analysis Center (STAC) have announced a new way to measure timing and time synchronisation.
Tabb Group believes the majority of firms will not be fully prepared for the deadline.
One of the year’s biggest initial coin offerings, a $232 million token sale by Tezos, is embroiled in a management fight that is threatening the deal and highlighting the risks in this red-hot corner of finance.
New Zealand’s currency dropped below the $0.70 mark for the first time in five months as uncertainty about the policy outlook under its newly formed government persisted.
Asian currencies slipped against the dollar as the greenback strengthened after US President Donald Trump’s tax reform agenda cleared a critical hurdle overnight.
The Canadian dollar edged lower against its US counterpart, retreating from a near one-week high earlier in the day as oil prices fell and the rally in global stocks paused.