The euro briefly climbed above $1.19 against the US dollar, the first time it has crossed the threshold since the start of 2015.
An under-pressure dollar held above a 2½-year low versus the euro hit in the previous session as investors readied for US jobs data.
- Dollar to 15-Month Low After Fedspeak, Euro Rises Past $1.1900 – Bloomberg
- Dollar Inches Lower Ahead of Key US Economic News – Wall Street Journal (subscription)
- Dollar Still Getting Dumped; Euro Strikes New 31-Month High – Financial Times (subscription)
Sterling climbed to an 11-month high against the dollar after data from the services sector came in stronger than expected, as traders looked to a Bank of England policy decision for a steer on when interest rates might be raised.
A new research report from Deutsche Bank highlights a change in the perception of sterling across the three major FX market time zones following last year’s vote to leave the European Union.
Most of the world’s investors will need to bring lawsuits against foreign exchange dealer banks outside of the US if they want to recover money lost during the alleged years-long collusion of currency markets, say lawyers in the US antitrust benchmark case.
The Hong Kong dollar has fallen to its weakest level since the China-inspired turmoil of January 2016 as abundant liquidity continues to create a widening interest rate gap with the US.
The Swiss franc’s fall is showing no signs of slowing down.
Market making in emerging market currencies is a key way for liquidity providers to differentiate themselves in an increasingly competitive G3 landscape, says Kevin Kimmel, global head of e-FX at Citadel Securities.
It’s not as though we aren’t having events or are absent a trend.
Moving more than $350tn of derivatives pegged to benchmark will take longer than five years.
Safe stops short of ban on use of domestic assets to secure offshore loans.
Two CCPs report interest from LCH customers; banks expect first book transfers in early 2018.
CBOE Holdings has agreed a deal with Gemini Trust Company, which will see the exchange group receive an exclusive global license to use Gemini’s bitcoin market data for bitcoin derivatives and indices.
The Regulatory Reporting Hub of Deutsche Börse Group has launched a partnership with Risk Focus and its software subsidiary, RegTek.Solutions, to help with its OTC trade reporting.
CME announced it will launch futures and interest rate swaps based on the Treasury repo financing rate, an alternative reference rate for pricing securities and loans in the US.
Eurozone’s financial capital seen as the big Brexit winner as tech vendors begin to follow banks in launching new Germany-based services.
The crown eased slightly ahead of a meeting where the Czechs may deliver the European Union’s first central bank interest rate hike for several years.
Brazil’s stocks and currency rose after lawmakers hinted they would clear President Michel Temer from corruption charges, suggesting resilient support for his reform platform.
Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market.