The burden of new regulation for derivatives markets would be eased and competition increased under proposals from the European Union’s executive, a document seen by Reuters showed, which omitted any moves to curb euro clearing in Britain after Brexit.
The dollar shrugged off early modest losses in holiday-thinned Asian trading while solid European inflation data underpinned the euro.
- Dollar Set for Third Weekly Drop Before FOMC Decision, Jobs Data – Bloomberg
- US Dollar Net Longs Little Changed from Last Week: CFTC, Reuters Data – Reuters
President Donald Trump has given the $5.1-trillion-day currency market a shot in the arm.
Single currency will stay in focus this week ahead of the final French election round.
Marine Le Pen has attempted to broaden her mainstream appeal ahead of the French presidential election by signalling that her flagship policy of leaving the euro is no longer a priority.
Hedge funds have slashed their bets against the British pound to the lowest level since the Brexit vote in June last year, after the currency enjoyed its best month against the dollar in two years.
Japan’s Shinzo Abe called on Prime Minister Theresa May to ensure a smooth transition for business as the United Kingdom leaves the European Union, to avoid a cliff edge where rules and regulations for firms change overnight.
While many Asia Pacific markets took the day off, the two major bourses still trading managed to close higher despite a downward drag from energy stocks hit by a slide in oil prices.
The Mexican peso’s more than 13 percent rally since Donald Trump took his oath of office and softened his trade talk hasn’t been enough to repair the battering it took after the election.
Nine years after FXMarketSpace ceased operations, it appears 2017 will be the year when FX options clearing finally returns to the table – and forwards clearing is also set for a boost.
More evidence that the Flash Crash was not triggered by nervousness over Brexit.
Podcast: Lots of people are talking about the Global Code of Conduct, but are they asking the right questions?
President Donald Trump’s choice to lead Wall Street’s top regulator could be approved by the Senate as soon as next week.
As two big economies chart a new course, some fear “regulatory arbitrage.”
Republicans’ latest effort to kill a Dodd-Frank provision that has cost banks billions of dollars is running into trouble.
Proposed changes in the way banks calculate the size of their financial cushion against operational risk could free up a windfall.
Banks caught in the first phase of the global margin regime for non-cleared derivatives say a hefty chunk of their initial margin (IM) requirements are taken up by trades between entities within the same banking group.
The gap between the biggest European banks and their US rivals is widening even faster than expected.
The head of UBS, one of Europe’s leading financial groups, has criticised the British government for failing to encourage banks to stay in London after Brexit, predicting that many would soon trigger plans to shift operations elsewhere.
SGX, the Singapore Exchange, is looking to further boost its Chinese derivatives business by offering to collaborate with a planned new local futures venture backed by the founders of one of China’s largest hedge funds.
Payment-transfer network left banks largely responsible for their own cyberdefense; old passwords at Bangladesh’s central bank.
Crédit Agricole’s global head of FX options retires from FX and looks to launch a line of ‘gentlemen’s undergarments’.
The Brazilian real weakened in volatile trading as traders assessed the implications of nationwide strikes led by Brazilian unions to protest President Michel Temer’s austerity measures.
The Canadian dollar weakened against its US counterpart, retaining the defensive bias in the face of an uncertain trade outlook, while domestic data showed the economy stalled in February.
Russia’s central bank cut its key interest rate, citing the country’s continued emergence from a two-year recession – but the move failed to stop the rouble pushing higher.