String of foreign central bankers hint they could move away from ultraloose monetary policy.
- Dollar Slips vs Euro, Sterling as ECB, BoE Open Door to Hawks – Reuters
- Central Bankers Fuel Volatility in FX and Bonds – Financial Times (subscription)
Broad weakness for the dollar has taken the index tracking the world’s reserve currency back to its lowest level since October, as investors’ reassessment of the outlook for global monetary policy leaves it looking vulnerable.
Sterling rose above $1.30 for the first time in five weeks, investors taking stock of increasing signs the Bank of England is looking at tightening monetary policy.
The euro jetted past $1.14 to its highest in just under 14 months, with attempts by European Central Bank sources to moderate the message taken from a speech by President Mario Draghi this week falling on deaf ears.
Is it fair on one hand complain about the lack of volatility, while at the same time complain about flip-flopping central bankers triggering these moves?
China’s currency firmed to its strongest level against the dollar since November 9 as Xi Jinping arrived in Hong Kong for the twentieth anniversary of the territory’s handover from the UK.
A new report finds that institutional investors are taking a more active approach to managing portfolio-wide currency risks, and in particular there is a greater appetite for active currency overlays.
The financial turmoil sometimes known in Thailand as the tom yum goong crisis erupted with the baht’s devaluation 20 years ago on Sunday.
Columbia University law professor Robert Jackson is a leading contender for one of the two commissioner vacancies on the US Securities and Exchange Commission, according to people familiar with the matter.
GOP-backed draft bill would unwind parts of Dodd-Frank by repealing Volcker rule and targeting CFPB for restructuring.
US industry association criticises official analysis suggesting optimal Basel ratios of up to 26%.
Fed Chair Janet Yellen said the banking system is “very much stronger” due to Fed supervision and higher capital levels.
The US financial reforms have failed on various levels, according to Craig Pirrong.
The European Securities and Markets Authority is considering taking a tougher line on online tools popular with retail traders, while the UK financial watchdog also criticised trading firms for persistent weakness in their customer protections.
CME Group has received regulatory clearance from the US Commodity Futures Trading Commission (CFTC) to start providing clearing services for OTC FX options.
The latest quarterly report from Fireapps shows that currency headwinds for those corporations that reported them fell to $6.7 billion in Q1 2017 – mainly thanks to North American firms reporting a $6.47 billion negative currency impact on earnings. This compares to a collective $16.88 billion hit in Q1 2016, the firm says.
Market and regulatory reforms are forcing buy side firms to look for new ways of accessing collateral, funding and liquidity, according to a new report from BNY Mellon and PWC.
Britain warned Ireland not to launch an “aggressive and opportunistic” campaign to steal business from the City of London in the wake of Brexit vote, a senior figure in Ireland’s Investment and Development Agency (IDA) has revealed.
The ringgit is easily the strongest major Asian currency this quarter, climbing twice as much as the next best, the Chinese yuan.
Virtually every major international currency was gaining on the dollar in morning Asia trade in what was shaping up to be another rough day for the greenback.
The Canadian dollar scored its biggest gain in three months against its US counterpart, as hawkish comments by Bank of Canada Governor Stephen Poloz raised expectations of an interest rate hike as early as July.