The dollar started the week on the defensive after US economic data came in shy of expectations and another missile test by North Korea at the weekend underpinned the perceived safe-haven yen.
- US Dollar Pressured by Disappointing Economic Data – Financial Times (subscription)
- Dollar Falls on Soft Inflation Data – Wall Street Journal (subscription)
After profiting from a world-beating rally, dollar bulls find themselves at risk of being back at square one again when it comes to sustaining gains against the yen.
Forex advisers report pick-up in activity as finance directors reassess budgets.
Data from CLS shows that the first round of the French presidential election caused a much stronger reaction in the spot FX market than the second round.
A new white paper released today by LMAX Exchange seeks to offer more in-depth analysis of the cost of trading in FX markets and calls for the creation of “robust, commonly-agreed” transaction cost analysis (TCA) metrics that compare and contrast the differences between executing on firm and last look liquidity.
Russian President Vladimir Putin said authorities plan no “artificial measures” to control the rouble exchange rate.
Germany’s Bundesbank has just made life harder for the banks that are considering Frankfurt as their new European Union base after Brexit.
Value of unregulated crypto currencies bursts through $50bn.
The White House tapped Brian Quintenz, a former House aide and investment manager, to fill a Republican vacancy on the Commodity Futures Trading Commission, the second time Quintenz has been nominated for the slot.
The Trump administration is quietly helping Wall Street in its campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis.
Acting Comptroller of the Currency Keith Noreika is floating the possibility of unilaterally reinterpreting an interagency ban on proprietary trading, but there are doubts about how far the agency can move on its own and whether that would be a good idea.
The US Financial Industry Regulatory Authority’s (FINRA) board of governors has approved the next step in what it terms its ongoing initiative to strengthen controls on brokers with a history of significant past misconduct.
Anonymity will be key factor in final decision, say dealers.
Christopher Giancarlo has called on global regulators to recalibrate bank capital requirements in a bid to restore market liquidity and avoid “flash” trading events.
Regulation should not be considered a “curse word” and is needed more than ever to head off financial threats, despite President Donald Trump’s attacks on government red tape, New York’s financial services regulator said.
Following the disposal of Icap Global Broking to Tullett Prebon, the re-branded Nex Group has reported an increase in revenue for the financial year 2017, which ended on March 31.
Although it does not provide specific numbers, TraderTools says that Q1 2017 volumes across its Unique Liquidity Network (ULN) were 217% above Q4 2016 volumes.
Despite having an FX franchise that is over 30 years old, an e-FX offering that has been around for more than eight years and a balance sheet of over $100 million, Sucden Financial is not exactly a household name in the wholesale FX market.
Temporary deal allows start-up Sef to continue operations until at least July 29.
The Canadian dollar hit its highest level in two weeks and the Australian dollar a 10-day high as a bounce in oil prices drove a recovery in major commodity-linked currencies.
Investors need thick skins, acute awareness of risk and a good knowledge of the politics of the ruling ANC.
Central European stocks touched multi-year highs on expectations that first-quarter regional economic output data due will show robust growth, though profit-taking later caused shares to retreat.