The dollar hit a seven-week high against the yen after the Bank of Japan increased its purchases of government bonds, expanding monetary policy at a time when other major central banks are moving towards tightening.
Sterling slipped to the day’s lows against the dollar setting it up for its worst weekly performance in a month, and bond yields softened after industrial output data unexpectedly contracted in May, posing fresh challenges for the UK economy.
City’s dollar has weakened to midpoint of trading band.
Aussie currency retreats as policy makers retain dovish tone.
Rosario Ingargiola, founder and CEO of OTCXN, argues that accessing wholesale liquidity is one of the biggest challenges in the FX market today that could be alleviated by fintech solutions.
There are two very different accounts of Deutsche’s plans for its traders in future. Both cannot be true.
Global regulators warned of shortcomings in efforts to ensure that clearing houses can recover from a crisis without a meltdown in the financial system or a taxpayer bailout.
The G20 nations, which will meet in Germany, have been given a “could do better” report over how well they are prepared to deal with the wind-up of large financial institutions.
CFTC effort will seek to standardize data sent to repositories.
Corporates ask for opt-out from Emir reporting changes proposed for their benefit.
NEX (Nex) Optimisation has launched an automated credit rebalancing tool that specifically addresses limit over-allocation by prime brokers.
Asset managers worry legal dispute could force trueEX out of business.
Interbank messaging network Swift says that 22 additional global banks have joined its blockchain proof of concept (PoC), designed to validate whether the technology can help banks reconcile their international nostro accounts in real time.
More falls for the rand, rouble and lira capped what was set to be one of the worst weeks of the year for emerging markets, with investors – who have seen billions of dollars wiped off portfolios – bracing for more turbulence ahead.
Most Asian currencies traded cautiously as global sovereign debt yields were elevated across the board on bets the European Central Bank (ECB) is moving closer towards unwinding its monetary stimulus, even as investors awaited the US June jobs report.
Aussie Dollar to Fall Further – News
The Australian dollar is down against its US counterpart, back below 76 US cents even though the greenback has also fallen after a round of weaker-than-expected US employment data.