The US dollar fell to its lowest level against the yen since late November as the House Republicans’ failure to pass its long-promised health-care bill gave investors another cue to buy other major currencies.
- Dollar Weaker as Yen Climbs 0.8% in Early Asia Trading – Financial Times (subscription)
- Trump Trade Doubts Send Dollar, Shares Tumbling – Reuters
Scrutiny of Trump’s tax plans will increase now he has failed to roll back Obamacare.
Sterling surged almost one percent to a seven-week high against the dollar, gaining with other major currencies after the failure of a Republican healthcare bill weakened faith in US President Donald Trump’s other campaign promises.
It’s a dour start to the week for the Donald’s dollar, which is heading back down to where it was before Mr Trump was elected president of the US.
The most oversold Group-of-10 currency since the US election is making a comeback.
The Swiss National Bank continued to intervene in foreign exchange markets in 2016 with the intention of averting Swiss franc strength.
Singapore’s interest-rate markets are signaling gains for the local dollar as bets grow the nation’s central bank will avoid easing policy next month and some economists are starting to forecast tightening in October.
Kweku M. Adoboli believes that his experience offers a valuable lesson to regulators and financial institutions on the need for robust controls at investment banks and a change in their profits-at-all-costs work culture.
No matter where you trade, the drivers remain price, relationship, ease of transaction and speed.
We’ve had the entire cycle, the entire economic technology cycle, in only a couple of decades.
On March 29, Profit & Loss Forex Network London takes place against the backdrop of UK Prime Minister Theresa May invoking Article 50, in a day filled with FX industry experts assembled to discuss everything from the Global Code to Brexit to flash crashes to the liquidity crunch and much more.
A “massive amount of misconduct” in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top US derivatives regulator, said in an interview.
Theresa May will follow her initiation of the Brexit process this week by setting out how she plans to bring thousands of European Union regulations under UK control.
The European Central Bank expects London-based banks seeking to keep access to the European Union’s single market once Britain leaves the bloc to move key functions, branches and dealing operations, the ECB’s top supervisor said.
The Bank of England plans to boost fees on UK banks to recover 5.4 million pounds ($6.7 million) of regulatory costs associated with Brexit.
The US Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) has issued a no-action letter extending relief associated with swap trade confirmation requirements that was due to expire on March 31, 2017.
EU regulators may use different reporting deferral periods for large or illiquid trades.
The Bank of England will subject the UK’s biggest lenders to a stress test featuring a deep economic slump and a sharp depreciation of the pound as the country prepares for the impact of withdrawal from the European Union.
Steven Englander, global head of G10 FX strategy, has left Citi according to market sources.
Brexit and Donald Trump raise questions over strength of City and Wall St London remains top of a ranking of global financial centres but saw its overall score slide on concerns about its competitiveness in the wake of Brexit.
Senior bankers expected special treatment from the government after Britain voted to leave the EU.
After every poker night, there would be a big spike in the profit and loss statement for the traders involved because they would be colluding and tipping each other off about trades.
Most Asian currencies hit multi-month highs as the dollar declined across the board after US President Donald Trump failed to push through a healthcare reform bill.
The rand extended its recent rally to hit its strongest level since July 2015, as Donald Trump’s failure to get his flagship healthcare reforms through congress puts further pressure on the dollar.
The rand fell as much as 1.7 percent following the report, while bonds weakened sharply.