The dollar is on track to post its best weekly performance so far this year as a bounce in US Treasury yields fuelled by the Trump administration’s tax plan triggered a shake out in multi-year short bets against the greenback.
- Dollar Pares Gain as Havens Tick Up, Tax Plan Faces Criticism – Bloomberg
- Dollar Stalls as Investors Digest Tax Plan – Wall Street Journal (subscription)
Sterling came under pressure after the UK’s second-quarter growth rate was revised lower, and a housing report missed economists’ estimates.
Big investment banks with their European headquarters in London are forging ahead with plans to create new trading hubs elsewhere in the region in preparation for Brexit despite the UK’s pledge to secure a two-year transition period after March 2019, according to people with knowledge of the situation.
It’s no secret that recent regulatory requirements have put FXPB business models under increased pressure.
China’s central bank may be playing an increasingly pivotal role in global currency markets.
Now, finally after some recent confirmations by the US Senate, the commission is nearing its intended size and is now signaling its priorities ahead.
US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo appointed Brian Bussey to lead the agency’s clearing and risk division, according to a statement.
The UK’s financial watchdog has fired a salvo against an attempt by European regulators to shake up the rules governing asset managers after Brexit.
Arthur Levitt, a former chairman of the US Securities and Exchange Commission, said he believed the regulator was ill equipped to deal with bitcoin, the digital currency that has seen a meteoric price rise, prompting concerns of a bubble.
The recently disclosed hack of the SEC’s corporate-filing system sends an ominous signal to other government agencies.
Digital currency investment trust no longer headed to NYSE’s Arca trading platform.
Mark Lewis leaves after spending 12 years at the German bank.
A group led by Berkeley university researchers has launched a start-up that aims to help traders spot a flash crash before one strikes.
The renminbi narrowly averted its biggest weekly loss since Beijing triggered a sudden devaluation in August 2015, as China’s central bank encourages greater volatility to keep speculators off guard.
The Hong Kong dollar was set to close out September firmer against its US counterpart as short-term borrowing costs in the Asian financial hub climbed to the highest level since the financial crisis ahead of a long holiday in China.