The dollar gained for a third day, its longest winning streak in more than a month, as hopes for US tax reform revived.
- Dollar Continues Rebound – Wall Street Journal (subscription)
- US Price Data Key Risk for Dollar Bears; SNB Eyed – Reuters
Sterling steadied just above $1.32, having pulled away from a one-year high the previous day, as traders waited for clues from the Bank of England on whether it might soon lift interest rates from record lows.
China’s central bank lowered its official yuan midpoint for a third straight day to 6.5465 per dollar, the weakest level since September 4.
Hong Kong’s currency system can’t realistically serve as a conduit between China and the rest of the world, according to a former chief executive of the Hong Kong Monetary Authority.
Whichever way we look at it, there is something strange going on around certain scheduled releases – the question is should we care?
The global hunt for yields has led Indonesia’s rupiah to be the world’s most overvalued emerging-market currency – which is rather disconnected from its laggard performance in Asia this year.
Desperate for hard currency, Angolans are coming up with new ways to convert their kwanzas into dollars and euros.
Flood of initial coin offerings is aimed at bypassing Google and Amazon, but sceptics fear a bubble.
Exchange chief tips authorities to review position limits and transparency in OTC markets.
The US banking regulator, the Acting Comptroller of the Currency, said that he is not ready to accept applications from financial technology companies seeking a special purpose federal charter.
The European Union has invested more than €5 million (around $6 million) in startups that are working on various projects involving blockchain.
Optiver’s chief executive suggested the move during a panel at the WFE conference in Bangkok.
Dave Reid has left Citi and is set to be named as the new global head of FX prime brokerage (FXPB) at Deutsche Bank, according to market sources.
London Stock Exchange Group (LSE) has agreed to buy an additional stake of up to 6.8 percent in its clearing arm LCH from some of its minority shareholders, the company said in a statement.
Nicholas Zografos has left his role as director in derivatives clearing services sales (DCS) and marketing for the Americas at BNP Paribas, according to market sources.
FlexTrade has announced the appointment of Bruce Wolf as head of FX business development.
Switzerland’s currency fell modestly after the country’s central bank held its main interest rate steady and softened its tone on the franc’s strength.
The Australian dollar pushed back above the $0.80 mark after data showed the country added more jobs than expected in August.
Most emerging Asian currencies slipped as the dollar held steady near a four-week high against the yen ahead of the US consumer inflation data later in the day.