The euro was flat after initially weakening as an inconclusive election in Italy pointed to prolonged political uncertainty after a stronger-than-anticipated showing by right-wing eurosceptic parties.
The US dollar could face headwinds if President Donald Trump’s proposals to impose stiff tariffs on steel and aluminium imports are enacted, with the biggest risk stemming from the possible flight of capital flows needed to finance ballooning US deficits.
Concerns over the dollar weakness are magnified by the decision to impose across the board tariffs on steel and aluminium.
As the risk of another deadlock in the Brexit talks rises, pound traders seem to have seen it all before.
Asset managers are to pay out £34m in compensation to investors after a probe by the UK regulator uncovered widespread evidence of funds charging expensive management fees for doing little more than tracking their benchmark.
The London Stock Exchange Group highlighted that only 7% of euro-denominated interest rate swaps that it cleared last year came from the European Union as regulators discuss possible relocation of clearing after Brexit.
The latest scam in the cryptocurrency market comes from a non-existent coin that falsely claims to be backed by Virtu Financial, the electronic-trading firm that famously lost money on only one day from 2009 to 2014.
The only way to guarantee it becomes less of an issue is greater transparency of action.
Recycling is a good thing – just ask the environmentalists – but is it a good in FX?
Big foreign banks including Santander and Deutsche Bank are being drawn into an increasingly heated debate over reform of US banking regulation, as some Democrats warn that a bill going through the Senate could release “troubled and troubling” banks from tougher standards.
Faced with the cryptocurrency question, China and Russia are talking in direct contrast to central bankers from Canada and England.
Data collection and protection requirements appear to be in conflict under the two regimes, and some banks may even have to overhaul their new Mifid II systems to comply with GDPR.
Deutsche Bank has joined Goldman Sachs in offering to share the benefit it enjoys if market prices move in its favour on a pending foreign exchange trade – a policy that sets the two banks apart from many of their peers.
Following news last week that CboeFX and GTX had hit new records for FX average daily volume (ADV), FXSpotStream has now also reported a new peak in activity.
The new addition is modelled on similar approach for other FX instruments.
- Three Crypto Exchanges Are Planning to Hire More Than 1,000 Staff – But It’s Not Going to be Easy – Business Insider
The Hong Kong dollar pushed to the weakest level against its US counterpart in over 33 years amid a persistent gap between US and Hong Kong interest rates.
Currency jumps after Kuroda hints BOJ may exit its massive stimulus in 2019.
China’s biggest political event of the year is a key opportunity to gather valuable trading intelligence about the world’s second-largest economy.