Dollar Jumps After Clinton Gets Eleventh-Hour Election Boost – Reuters
The dollar jumped as news that Hillary Clinton would not face criminal charges related to her use of a private e-mail server gave the US presidential contender an eleventh hour boost before the November 8 election.
Mexcian Peso to Set Tone for Markets on US Election Night – Financial Times (subscription)
Mexico’s currency braced for ‘chaotic’ run as traders track results.
A Trump Win Could Sink the Dollar – Bloomberg
The dollar’s surge after the Federal Bureau of Investigation cleared Hillary Clinton of committing a crime sent the greenback close to the levels likely to prevail if she won the presidential election.
Japan Worried About Yen After US Election, FX Chief Says – Bloomberg
Japan is concerned about currency volatility after the US presidential election and hasn’t ruled out market intervention, said Masatsugu Asakawa, vice minister for international affairs at the Ministry of Finance.
An Asian Investor’s Haven for US Elections: Yen and a Basket of Arms – Reuters
No matter who wins the race for the White House, markets are betting on one truly safe investment, and that is the currency of a country with bleak economic prospects – Japan.
Swiss Franc Offers Best of Both Worlds for Hedging US Election – Bloomberg
The Swiss franc is shaping up to be the perfect hedge for investors wanting to guard against US election volatility.
Forget Trump and Clinton. These Races Also Matter to Wall Street – Bloomberg
Key Senate fights will impact finance industry’s fate in DC.
Retail FX Punters Face Limited Profits from Election Trades – Profit & Loss
Some retail firms seem intent on not letting their customers fully benefit from getting the market right.
Best Week Since 2009 for Pound Sterling Exchange Rates – Exchange Rates
Last week proved to be surprisingly upbeat for sterling, with the GBP/EUR and GBP/USD currency pairs recording significant gains in response to news relating to Article 50 and the Bank of England’s stimulus plans.
CFTC Staff Clash Over Automated Trading Rules – Profit & Loss
Staff at the Commodity Futures Trading Commission clashed over the supplemental proposal to the Automated Trading Regulation (RegAT), even though the proposals were ultimately approved by the Commission.
Further Mixed News from FX Venues – Profit & Loss
Thomson Reuters and Moscow Exchange both saw relatively flat performance in October compared to September, however both bucked the year-on-year trend at other platforms by seeing a decline over the 12-month period.
Yuan Slumps Most in a Month as Depreciation Pressures Intensify – Bloomberg
The yuan dropped the most in a month after the central bank weakened the currency’s reference rate and the greenback rebounded.
Tullett Prebon Hopes to Complete Complex Icap Deal in Weeks – Financial Times (subscription)
Tullett Prebon expects its deal to buy the global broking business of rival Icap to complete in coming weeks, bringing to an end the lengthy process for regulatory approvals.
Rupee’s Reign as Top Asia Carry Seen Riding Out US Risks – Bloomberg
Asia’s highest bond returns, the lowest currency volatility in eight years and the world’s fastest growth among major economies are burnishing the appeal of the region’s best carry trade – India.
Is Blockchain Technology Really Safe? – Profit & Loss
As more financial services firms look for ways to utilise blockchain technology within their infrastructures, is the technology is really as safe as advocates claim?
EU Reconsiders Financial Market Access Rules – Financial Times (subscription)
Strengthening ‘equivalence’ regime would be blow to post-Brexit City and US firms.
Esma Delays MiFID II Systematic Internaliser Regime – The Trade
Esma has delayed the SI regime and stated assessments should be made by 1 September 2018.
Overbond Integrates Thomson Reuters Data – Profit & Loss
Overbond has announced a partnership with Thomson Reuters that will see fixed income market data and analytics integrated within the Overbond platform.
Zimbabwe Business Urges Use of Rand as Primary Currency – Bloomberg
The Confederation of Zimbabwe Industries, the country’s largest business lobby group, said the government should adopt the South African rand as its “reference currency” instead of the dollar.
Business Community Wants Government Action on Currency Volatility – Myanmar Times
Myanmar’s business community has welcomed more details from the government on investment policy, but is calling for similar clarity on how the authorities will tackle exchange rate volatility.
Emerging Stocks, Currencies Sail Higher on Clinton Prospects – Reuters
The dollar posted the biggest gain in weeks and most emerging currencies joined the rally.
USD to AUD, NZD Exchange Rate Forecast Hinges on US Presidential Election – Exchange Rates
Expect some major shifts in USD/AUD, USD/NZD and USD/CHF exchange rates over the next few days.
Why is the Turkish Currency Exchange Rate Falling? – Exchange Rates
The tense political situation in Turkey has led to a sharp fall in the Lira exchange rates, which has fallen to new record lows against the euro and the dollar.