The euro climbed to a fresh 2017 peak and eurozone sovereign bond yields reached five-week highs as investors bet remarks by Mario Draghi were a signal the European Central Bank chief was poised to withdraw economic stimulus measures.
- Post-Draghi Surge Drives Euro to One-Year High – Reuters
- Euro Set for More Gains After Draghi Breaks Bund Spread Support – Bloomberg
Deutsche Bank is taking it seriously enough to scrap its euro forecasts and jack them much higher.
The dollar slid to 10-month lows against the euro after the head of the European Central Bank opened the door to steps that might begin to reduce the central bank’s stimulus and after a vote on US healthcare legislation was delayed.
- Dollar Hits Lowest Level Since November 9 as Euro Consolidates Gains – Financial Times (subscription)
Sterling hit a seven-month low to the euro, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of the bank’s stimulus programme are numbered.
Deutsche Bank, the German lender seeking to overhaul how it manages risks, made a bet on US inflation that puts the firm on course to lose as much as $60 million, people familiar with the matter said.
Japanese bank Nomura has confirmed reports it is applying for a licence to operate in Frankfurt as its European Union base after Brexit.
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Christopher Campbell will be nominated as Assistant Treasury Secretary for Financial Institutions.
The Securities and Exchange Commission is weighing how to alleviate the harshest side effects of a European Union law that could have US repercussions for banks trying to comply with it.
Wall Street’s top two US regulators will urge Congress to approve budgets for fiscal 2018 that are at or above their current funding levels.
The European Securities and Markets Authority’s (Esma’s) new Benchmark Regulation (BMR) brings the provision of benchmark indexes within regulatory scope for the first time in the EU when it comes into full force at the start of next year, concurrent with Mifid II.
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Emerging markets currencies in vogue as major pairs cool their heels.
The Canadian dollar touched its strongest level in four months against the greenback, supported by a crude oil rally and a broadly weaker US dollar, which lost ground against a basket of major currencies.
Central European currencies eased after comments from ECB President Mario Draghi on monetary tightening stoked fears that the region’s higher-yielding but riskier assets may lose some of their appeal to investors.