The dollar touched a one-week low versus the yen as investors turned cautious following news that investigators probing Russian interference in the US election had charged President Donald Trump’s former campaign manager.
- Dollar Lower Ahead of Fed Meeting – Wall Street Journal (subscription)
- Dollar Starts Week Lower Before Central Bank Meetings, Fed Pick – Bloomberg
The US dollar’s best week of the year was mostly about the euro.
Sterling consolidated gains as the market geared up for a rate rise from the Bank of England this week when investors will analyse the bank’s statement for the future direction of interest rates.
Sterling may slide to $1.30 if Carney sounds dovish: survey.
The common currency was stuck in the red as traders reacted to mixed data on the eurozone economy.
Buy-siders say central bank communications policies broke link between markets and political risk.
Lloyd Blankfein tweets picture of £350m HQ under construction with message ‘hoping to fill it up, but so much is outside our control’.
Back-to-back trading will be allowed in the City, at least for an initial period.
Europe’s biggest exchange operators are seeking new chief executives that will be at the helm of their companies as Brexit unfolds.
Another day. Another record for bitcoin.
- Central Bank-Issued Digital Currency Is the Future, Not Cryptocurrency, Economist Says – CNBC
- Ex-JPM Executive Launches Cryptocurrency Hedge Fund – International Finance Review (subscription)
It’s an old debate in the FX industry – will the market inevitably move towards an exchange model?
The Monetary Authority of Singapore (MAS) says it will encourage key FX players to site their pricing and matching engines in the city state as it strives to become “a leading financial centre in Asia”.
Rostin Behnam, a commissioner at the US Commodity Futures Trading Commission (CFTC), will sponsor the agency’s Market Risk Advisory Committee (MRAC).
It is tough to make money from betting on a new chairman’s hawkishness or dovishness, even if you knew who it was going to be.
HMRC is consulting with industry on potential tax consequences.
Colin Murphy, head of sales at NEX Regulatory Reporting, confirms plans to file an application to European securities lending watchdog ESMA.
Income from trading bonds, currencies and commodities at BNP fell 26 percent to 801 million euros ($932 million) from a year earlier.
A handful of major buy- and sell-side firms have opted for MarketAxess’s post-trade reporting service developed by Trax, ahead of tougher rules on trade and transaction reporting.
New Change FX (NCFX) has extended its independent data service to include forward points across standard tenors, non-deliverable forwards and restricted currencies.
German-based technology provider Digitec has reorganised its senior management.
China’s yuan strengthened against the US dollar, supported by rising corporate dollar sales and a firmer official fixing after a slide in the greenback in global markets.
The Russian rouble dipped lower, under pressure from lower oil prices and the end monthly tax payments by export-focused companies.
The New Zealand dollar was down as much as 0.7 per cent, failing to find support despite the country’s new finance minister saying he was confident people will see the new government as responsible managers of the economy.