Eurozone concerns over the weakness of the dollar were laid bare in a set of European Central Bank minutes that highlighted fears the Trump administration was deliberately trying to engage in currency wars.
The euro slipped and is set to post its second biggest weekly loss in nearly four months as investors trim positions before a big week for global currency markets from a European politics perspective.
The strong euro currency is a “point of attention” for policymakers at the European Central Bank, Belgium’s ECB Governing Council member Jan Smets said.
The US dollar fell as optimism about the economy isn’t leading to bets that the Federal Reserve will accelerate its expected pace of rate increases.
Sterling edged up against the dollar and euro but finished the week in much the same place as it had started, with weaker-than-expected economic data being offset by hawkish comments from Bank of England policymakers.
A former JPMorgan currency salesman, fighting the bank for a second time over what he claims was his unfair dismissal, said he lost about 2 million pounds ($2.8 million) in compensation after he was let go for a practice that was previously commonplace at the bank.
The UK’s Investment Association (IA) has published a number of guidelines regarding the use of last look, seeking to address concerns that this practice can negatively affect the ability of asset managers to meet the needs of their clients.
The use of a last look window by market makers will decrease in 2018, but don’t expect the practice to disappear any time soon.
Numerous market participants are calling on exchanges to switch from cash settlement to physical settlement.
Tezos team can move forward after nonprofit foundation chief who was locked in a battle for control of funds steps down.
Federal Reserve Bank of New York President William Dudley warned that investing in privately issued digital money such as bitcoin could end in big financial losses for those involved.
Tighter regulation an advertising ban for the products.
No country has drafted specific legislation governing the popular method startups are using to raise funds, according to a survey of law firms across 18 global jurisdictions posted on Lex Mundi’s website.
- What Bitcoin Rout? Sales of New Digital Tokens Are Still Soaring – Wall Street Journal (subscription)
A number of key Democrats in the US Senate are finding pockets of financial support for re-election races this year from a cluster of banks that have stepped up campaign contributions ahead of a vote on industry deregulation.
CFTC no-action relief to be codified, but big changes on de minimis and position limits still distant.
The proposal would bring Singapore in line with US and European regulators.
Blockchain could save asset managers $2.7bn a year if the investment industry shunned the laborious manual practices involved in buying and selling funds in favour of using online ledger technology, according to research.
IPC, a provider of communications and networking systems, and GreenKey Technologies, creator of voice software with integrated speech recognition, have signed an agreement for a collaboration between the firms.
World’s largest net creditor nation means currency faces upward pressure for years.
The specter of volatile financial markets is prompting investors to be more selective in emerging markets and Asia is stacking up to be among the most resilient when it comes to economic measures.