The euro gained against the dollar but the single currency was still headed for its worst weekly performance since October after the global stock market sell-off squeezed investors betting against the greenback out of their positions.
The dollar reversed losses as investors bought the US currency amid a fresh drop in equities.
For some money managers and strategists, the path forward couldn’t be more simple: a weaker dollar.
Sterling climbed against the dollar and euro, extending the previous day’s gains after the Bank of England said interest rates would probably need to rise sooner and by more than it had previously thought.
Banks are touting a short position against the Swiss franc as a top bet in 2018 because Switzerland’s central bank is likely to lag its euro zone counterpart in tightening monetary policy and probably won’t tolerate the currency’s gaining much further.
A large number of European multinational corporations have seen their profitability take a hit as a result of a recent surge in volatility in the foreign-exchange market, according to a report from risk-management technology provider FiREapps.
Trying to identify savings between interdealer brokers is like trying to compare the difference in mobile phone rates.
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The analysts noted prices for shorter-dated Bitcoin futures on the CME exchange are cheaper than longer-date contracts.
If you ever wanted to know the financial markets’ equivalent of playing Russian Roulette, look no further than attempts to predict the price of bitcoin going forward.
The chances that President Donald Trump’s nominee for the Federal Reserve Board, Marvin Goodfriend, will get confirmed in the US Senate took two big hits.
France and Germany’s finance ministers and most senior central bankers have joined the chorus of politicians and regulators calling for a coordinated clampdown on bitcoin and other virtual currencies.
Noting that any congressional action to fill in jurisdictional gaps identified by the SEC and CFTC will likely take a long time, the commissioner called on the industry to consider forming a self-regulatory organization.
Two grandees of the listed derivatives industry have announced their departures from the board of CME Group, having built it into the world’s biggest futures exchange.
Dutch pension fund PGGM’s former head of trading and execution takes on new role at the ECN on March 5.
Investors using London-based contracts-for-difference firm IG Group have increasingly taken bets on declines in the cryptocurrency.
Analysts have lifted their forecasts for the Australian and New Zealand dollars, although the antipodean currencies still seem set for a remarkably dull year despite raging volatility in global markets recently, a Reuters poll showed.
The Czech crown will continue strengthening and in 12 months will be at levels not seen since late 2012, propelled by expectations for tighter monetary supply, a Reuters poll predicted.