The dollar fell from a five-month high, losing momentum after a broad rally prompted by rising US bond yields and relief at an easing in US-China trade tensions.
Sterling rallied to a one-week high against a broadly firm euro after a top central bank official struck an upbeat note on the outlook for future interest rate increases.
It’s still early, but emerging markets currencies are staging something of a recovery this morning after a nasty start to the week.
Pressure keeps on building while central bank stands aside.
Regulator has asked EC to take a stance on venues that let public entities clear without posting margin.
Wells Fargo & Co.’s foreign-exchange business cut 22 salespeople, according to a person briefed on the matter, the latest casualties of a slump in market activity.
A former Barclays trader on trial for rigging a key interest rate said he felt used by colleagues on the swaps desk who messaged with rivals at other banks to discuss their trading positions.
Rewrite is said to lower burden on trades that mitigate losses.
Says rulemakers should watch how regime performs through cycle.
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) have issued a joint staff advisory that gives exchanges and clearinghouses registered with the Commission guidance for listing virtual currency derivative products.
Regulators in the US and Canada are launching a widespread crackdown on some cryptocurrency investment schemes, members of the North American Securities Administrators Association said.
It took a scandal for Facebook’s Mark Zuckerberg to concede a need for regulation. Some cryptocurrency entrepreneurs got to that point more quickly and voluntarily.
Cryptocurrencies could be the latest case of more than a century’s worth of failed efforts to revolutionize money, according to Robert Shiller, famed for his warnings about the dot-com and housing bubbles.
NEX Group’s full year results for year ending March 31 indicate healthy growth at the firm as it continues to close in on a sale to CME Group which was last week approved by NEX shareholders.
The share of client positions at LCH, the group’s UK-registered clearing house, that are handled by the five largest clearing members exceeded 75% at end-2017, with concentrations rising over recent quarters at three of its services.
Closed-door meeting quickly turned testy after peso plunged.
In a sign that it will allow some flexibility in exchange rates under threatened US sanctions, Iran has lowered the official value of the rial versus the dollar for the first time since it tried to stamp out a free currency market last month.