The Federal Reserve could potentially raise interest rates as soon as next month, New York Fed President William Dudley said, warning investors that they are underestimating the likelihood of increases in borrowing costs.
Foreign-exchange traders are becoming increasingly confident that the Bank of Japan won’t stand in the way of further yen strength after the currency surpassed 100 per dollar for the second time this year.
Just two weeks old, the Bank of England’s latest inflation forecasts are already at risk of looking a bit stale.
China got a tepid response from investors on its plans to further open up its equity markets, contributing to Wednesday’s mixed performance in shares across Asia.
Eastern Europe is borrowing a line from the Jackson 5 as it bids to turn a tide of emigration that’s eroding its economic prospects and compounding an already-gloomy demographic outlook.
Three papers have been released focusing on central counterparty (CCP) risk and how CCPs should be resolved or recovered in the event of a failure.
The Commodity Futures Trading Commission (CFTC) has issued its final report on the de minimis threshold for swap dealer registration, yet it remains unclear whether the Commission will make changes to this threshold.
Cobalt DL says that it has commenced beta testing with a number of leading FX participants on its private peer-to-peer network that uses distributed ledger technology in order to try and reduce post-trade cost and risk.
Interest rate swap trading platform TrueEx has added Brazilian real (BRL) interest rate swaps execution with clearing through CME, to its platform.
Emerging-market stocks retreated from near a one-year high and oil fell for the first time in a week after hawkish comments from Federal Reserve officials helped revive the dollar. South Korea’s won tumbled by the most since Britain voted to leave the European Union and gold declined.
- Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling – WSJ (subscription)
The pound erased losses against the dollar and euro after a report showed jobless claims unexpectedly dropped in July, the first full month that reflects the Brexit decision’s effect on the U.K. labor market.
European shares little changed in early trading on Wednesday, with Austrian brickmaker Wienerberger, Danish brewer Carlsberg and UK insurer Admiral Group all sliding after publishing their results.
Japanese stocks bounced on Wednesday after sliding the previous day, though the recovery was contained by a backdrop of cautious trading after hawkish comments from U.S. Federal Reserve officials sent the yen to a seven-week high overnight.