In a result that was not seen by pollsters or markets, Donald Trump has won the US presidential election.
Stock markets and currencies around the world reacted sharply this morning to news Republican Donald Trump will be the next president of the United States.
Central bankers and traders around the globe scrambled to deal with soaring and plunging currencies, after polling results in the US presidential election showed Republican candidate Donald Trump clinching a surprise victory.
Republican Donald Trump is to be the next President of the United States of America which is tipped to aid the US dollar over the longer-term and we have started to see the currency pare its initial losses against the euro and pound sterling.
Financial markets have told the world what they think of the election of Donald Trump as US president – and it is not good.
As polls in eastern states closed the FX market has seen some whippy price action, however according to dealers spreads remain reasonable.
Sources are reporting “very high” volumes in FX markets as uncertainty over the outcome of the US election increases.
As the realization worked its way around the planet that Donald J. Trump will become the next president of the United States, global investors reacted as if the world had caught fire.
Major banks have formally told clients to expect volatile currency markets in the aftermath of the US presidential election.
Japan’s top government spokesman said the government was watching currency moves with strong interest as they were one-sided, rapid and speculative.
Bloomberg terminals’ chat function suffered an outage, forcing finance professionals who rely heavily on the tool to do their jobs to resort to other forms of communication on a high-stakes day for global markets.
ICE Data’s feeds went dark yesterday, prompting a response from venues depending on the group for data.
Flash crashes are still mercifully rare, but FX bankers worry that changing market dynamics will make them happen more often.
Egypt expects to receive $2.75 billion in aid from the International Monetary Fund as early as next week, part of a $12 billion loan package it hopes will avert an economic crisis and halt a slide in its newly floated currency.
Foreign-exchange traders must be in guard as several central banks are likely to step in and intervene in their domestic currencies in order to ease the violent swings as markets digest a Trump presidency.
Europe is set to formalise its delayed new rules clamping down on banks’ ability to trade derivatives on November 21, pushing the introduction date back a few weeks so it does not clash with investment banks’ annual code freezes.
Britain should spell out what happens to financial rules as Brexit gets under way to help regulators do their job and avoid a “mess” in markets, a top watchdog said.
The IRS needs to take additional steps to ensure that users of virtual currencies such as bitcoin are complying with tax law, a federal watchdog said in a report.
ACI council votes to appoint David Woolcock as representative on Market Participants Group.
CLS Group has completed its project to upgrade its settlement members to a new member gateway and market infrastructure channel.
ForexClear, LCH.Clearnet’s centrally cleared FX operation, reported record volumes in October, driven in large part by activity in Latin American currencies.
Mexican Peso options ADV reached new record highs as the US presidential race has tightened.
A recent study from Chatham Financial finds that less US corporates are hedging their currency, interest rate and commodity risk exposures than three years ago.
The US dollar dropped more than 1%, swept sharply lower as Donald Trump upended market expectations as he won the US presidential race.
All regional markets closed lower, with money flowing into safe haven stocks, gold and currencies including the yen.
The pound to Australian dollar exchange rate surged higher by nearly 3% in Asian trade but has since pared back those gains as a Trump victory is confirmed.