The dollar is regaining some poise after president Donald Trump sent the currency sliding yesterday with his surprising assertion that the buck is “too strong”.
- Dollar Falls After Trump Says It’s ‘Getting Too Strong’ – Wall Street Journal (subscription)
- Dollar Slides After Trump Says Currency is ‘Getting Too Strong’ – Reuters
In President Donald Trump’s world view, currency manipulation is bad, except when he’s the one calling the shots.
Sterling rose to its highest level in six weeks versus the euro as a week of upbeat data soothed some investors’ worries about the impact of Brexit on the UK economy.
Currency and bond market volatility rising as sense of sangfroid cracks.
President Donald Trump said he won’t brand China a currency manipulator, retreating from a core campaign promise, though he argued that a strong dollar is hampering the ability of American firms to compete.
China’s currency firmed to the strongest level against the dollar since the end of March following the release of trade data that showed exports rebounding to restore the country’s trade surplus.
Donald Trump sent the dollar into a slide after complaining the currency has risen too high, and in early Asia trade the Japanese yen is still holding at a five-month high.
The Czech National Bank wanted to take advantage of the “overboughtness” of the koruna to lift its longstanding currency cap earlier than expected, minutes from last week’s extraordinary policy meeting reveal.
Options contracts shows traders are hedging against price swings in the lira, particularly in the immediate aftermath of the vote.
Asia’s worst-performing currency is starting to come back into favor.
Prime-of-prime providers reject any suggestion that their existence could undermine the FX industry, but they acknowledge that further investment in pre-trade risk control will be required to maintain customer confidence.
There seems quite a buzz around the Senior Managers’ Regime (SMR) in the UK, specifically how people are seeking to pass the buck more often than a children’s game of Pass the Parcel.
The Federal Reserve has shelved its threat of legal action against Bruno Iksil, the former JP Morgan trader at the center of the 2012 “London Whale” saga, according to a person familiar with the matter.
South Korean bond risk jumps as won, stocks take a breather.
Nigeria’s central bank said some commercial lenders have breached its regulatory limit of foreign currency borrowings due to the recent fall in the value of the naira.
More than eight years after it started, bitcoin isn’t living up to early hype as the payment system of the future.
Bharat R. Ramamurti, a legislative aide for Democratic Senator Elizabeth Warren, is a contender for one of the vacancies on the US Securities and Exchange Commission, according to people familiar with the matter.
President Donald Trump signaled he could be moving closer to the mainstream on monetary policy, saying he had not ruled out reappointment of Janet Yellen to a new four-year term as Fed chair as he considers his choices for the central bank.
FinTech’s promise arises from its potential to ‘unbundle’ banking into its core functions, according to the governor of the Bank of England, Mark Carney.
- Carney Says Crisis Lessons Are Why BOE Keeps Up with Fintech – Bloomberg
- Bank of England Says No Need for Tougher Fintech Regulation – Reuters
Remedies to prevent repeat of 2008 financial crisis have not been seen to be applied.
A Democratic US senator pressed Deutsche Bank to release information about issues including President Donald Trump’s debt and any bank meetings with Trump administration officials, saying he had “great concern” about possible conflicts of interest.
Senior White House budget adviser Marcus Peacock is leaving President Donald Trump’s administration to become the second in command at a high-profile business lobby group in Washington that’s looking to increase its influence.
Automated swaps margin payments could exacerbate systemic risks, regulators warn.
CME Group announced that it intends to close its London-based derivatives exchange and clearing house, CME Europe and CME Clearing Europe, by year-end 2017.
Singapore may be set to get a third derivatives exchange, this time backed by China.
At least four members of Standard Chartered Bank’s voice and trading team have apparently left the bank in the last two weeks according to market sources.
Market sources tell Profit & Loss that Arthur Mountain has joined Goldman Sachs.
KCG Holdings appears to be in play as The Financial Times reports that other companies have been approaching the firm after competitor Virtu Financial’s unsolicited bid for the electronic market-maker became public on March 15.
Asian currencies rose as the US dollar and Treasury yields retreated after President Donald Trump said the greenback was “getting too strong”.
The Canadian dollar strengthened to a six-week high against its US counterpart after the Bank of Canada turned less dovish, while comments by US President Donald Trump weighed on the greenback.
The prospect of further cuts to Australia’s official interest rate has taken a knock in the wake of a surprisingly strong reading on the domestic labour market in March.