The euro ticked higher, signalling muted investor concern that European Central Bank chief Mario Draghi will attempt to talk the currency down when he speaks later in the day.
The dollar rebounded after President Donald Trump and Democrats agreed to a three-month extension of the US debt limit, paring an early decline seen in the aftermath of the Bank of Canada’s surprise decision to raise interest rates.
Sterling inched lower, with dealers citing growing resistance to any further recovery against the dollar on a day set to be dominated by events in Europe and the United States.
Currency is up 6% this year despite underwhelming data.
Strategists see initial appreciation when tensions escalate.
Distributed ledger technology like blockchain is not mature enough to power the world’s biggest payment systems, though it has the potential to improve system resilience, the European Central Bank and the Bank of Japan said.
Most asset classes in the Western world are potentially overbought meaning that potential bubbles exist in certain markets, Deutsche Bank boss John Cryan warned.
- Goldman’s Blankfein on Markets: ‘Things Have Been Going Up for Too Long’ – Wall Street Journal (subscription)
Many traders are pushing their non-deliverable forward (NDF) trades through clearing houses to increase capital efficiency – with LCH seeing a record-breaking number in August – and R5FX hopes to push this to the next level.
And it’s a good thing – because it reminds people that a good trader is worth their weight in gold.
There could be a less risky opportunity for cryptocurrency sceptics.
Profit & Loss Scandinavia is right around the corner, and more than 175 registrations have already been received, but there is still time to register.
Rostin Behnam has been sworn in as a Commissioner of the US Commodity Futures Trading Commission (CFTC).
Stanley has Fischer submitted his resignation as vice chairman and as a member of the Board of Governors of the Federal Reserve System, effective on or around October 13, 2017.
Cohn’s chances dropped after he criticized Trump’s response to the Charlottesville protests, according to people familiar with the president’s thinking.
Jay Clayton says agency doesn’t need Congress to specify what is illegal.
Financial watchdog turns sights on initial coin offerings, days after China ban.
The European Central Bank is working on new licensing guidelines that would also cover financial technology firms, Daniele Nouy, the ECB’s top bank supervisor told a conference.
Supervisors at the Bank of England expressed “significant concern” to Deutsche Bank in a letter concerning its UK branch authorisation ahead of Brexit, according to a leaked internal document from the German lender.
Experts have warned Mifid II will require continuous changes in compliance throughout 2018.
CME, Ice and LCH treat variation margin as settlement; Eurex awaits further guidance.
Integral has rolled out specific solutions for MiFID II compliance.
Moscow Exchange (Moex) is now offering instruments to trade at the Moex FX USD/RUB and EUR/RUB fixing prices with clearing and settlement via its clearinghouse, NCC Clearing Bank.
Cobalt, the FX post-trade processing network based on distributed ledger technology, has joined the BT Radianz Cloud.
The first US bitcoin exchange could be open as early as this fall, if everything goes according to plan.
The renminbi touched a new 16-month high against the dollar as the greenback weakened.
Loonie climbs to highest level in two years after central bank delivers rate rise.
Brazil’s stocks and currency rallied before the central bank cut interest rates to a four-year low after the market closed, seeking to spur an incipient economic recovery.