The dollar slid to three-year lows against a basket of major peers on worries about the protectionist agenda expected to be pursued by US President Donald Trump in a speech later this week.
The UK pound rallied above the $1.41 mark, extending its best weekly rally since September and striking a new post-Brexit high.
Britain’s departure from the European Union offers an historic opportunity for Deutsche Boerse to expand its business and to secure a larger portion of the euro clearing business, the exchange’s new chief executive said.
Nasdaq is actively exploring bitcoin-linked products and other digital currencies that would appeal to retail investors, Adena Friedman, the exchange’s chief executive has said.
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Stock exchanges and clearing houses could be disintermediated, while big global foreign exchange trading houses, such as JPMorgan and Citigroup, could lose out if smaller banks start using blockchain.
The Senate confirmed Jerome Powell to become the 16th chairman of the Federal Reserve, clearing the way for a new leader likely to continue raising interest rates to keep the nation’s economic expansion on track.
UK regulators are giving a temporary pass to traders who haven’t supplied personal information, say two trading venues, meaning watchdogs are granting another reprieve to a component of Europe’s MiFID II laws.
Qatar alleges that rival Gulf countries, including the U.A.E. and Saudi Arabia, have waged attacks on its currency through “blatant, unlawful market manipulation,” according to letters sent by the Qatar Central Bank to global regulators.
RJ O’Brien (RJO) is winding down its FX business, having concluded that this market no longer represents a strategic opportunity for the firm.
Mesirow Financial says it has recently signed and committed to the FX Global Code of Conduct.
The foreign exchange settlement firm said CLSNow was also on track for the fourth quarter of this year.
Barracuda FX, the specialist provider of FX order management technology, has announced the signing of a new contract with Denmark’s Jyske Bank.
South Africa’s rand traded below 12 per dollar for the first time since May 2015, extending a rally sparked by an improving domestic political environment and supported by global risk-on sentiment and the greenback’s retreat.
Nafta renegotiation and presidential election pose a quandary for investors.
The seven-month surge in oil prices has left oil-linked currencies in the dust.