The European Central Bank (ECB) has decided to hold interest rates steady, with market participants predicting further euro weakness.
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The dollar held large gains against the yen and euro early on Friday, given a lift after the common currency slumped overnight following the European Central Bank’s decision to extend its debt-buying programme even as it cut the amount of purchases.
David Cameron warned that the existence of the European single currency was hanging in the balance, telling an audience in the United States: “I wonder how long it can last.”
UK regulators have summoned Citigroup executives for fresh discussions over the bank’s role in October’s “flash crash” in sterling, seeking more information on the supervision and controls Citi had in place.
Brazilian antitrust watchdog Cade said it has fined five international banks a combined 183.5 million reais ($54 million) as part of a settlement of charges they rigged the country’s currency market.
Prime Minister Theresa May has found a surprising ally as Britain and the European Union battle over London’s vital clearing industry – the US.
The offshore yuan outpaced declines in the Shanghai rate this week, adding to signs of renewed stress on the Chinese currency as investors brace for higher borrowing costs in the US.
European companies in China have faced difficulties in sending dividends out of the country since new exchange controls were introduced, the EU Chamber of Commerce in China has said.
Jason Vitale has resigned from Deutsche Bank in London, ending a 12-year career at the institution.
In a new whitepaper, Thomson Reuters claims that regulators are requiring firms that contribute to financial benchmarks to face increased scrutiny of their record-keeping and information governance policies.
After being held back by the central bank for three years, the Czech koruna is preparing for its final leap to freedom.
While no one is calling for a full-blown crisis yet, there’s plenty of concern that returns could be subpar for months or even years to come as peso volatility increases.
President Hassan Rouhani’s Cabinet voted to approve a bill that proposes to change Iran’s currency from the rial to the toman, and to remove one zero, the official Islamic Republic News Agency reported.
Many banks are leaning heavily on their single-dealer platforms to improve the efficiency of their FX business, although there is no guarantee that this approach will be sustainable in the long term.
The FICC Market Standards Board outlines ten core considerations for surveillance.
J. Christopher Giancarlo, in line to head the Commodity Futures Trading Commission once Trump is inaugurated on January 20, has said the agency should look beyond mandates from the 2010 Dodd-Frank Wall Street reform law to current trends in financial markets.
The first currency exchange transaction between the Turkish and Chinese central banks was realized as a move to support using national currencies in foreign trade.
Systematic traders have questioned the efficacy of regulatory efforts to clamp-down on electronic trading such as the US Regulation Automated Trading and provisions under the EU’s sweeping regulatory package MiFID II.
Issues causing slowness on Bloomberg’s terminals that began late Thursday morning had been resolved for all users by mid-afternoon, the company said.
Richard Grace, the Commonwealth Bank’s chief currency strategist, is one analyst who is more bullish than most.
The Bats Europe membership is the next milestone for the company – it now has access to 15 major markets across Europe.
A new software product seeks to help hedge fund managers digitise key aspects of their business eliminating the reliance on spreadsheets, calendar and an increasing paper trail.
Marcus Browning has joined Rokos Capital Management in London.
Omer Suleman has joined Voltaire Capital in London, sources say.
Brazilian real advances, while Turkish lira declines.
The Canadian dollar strengthened to a seven-week high against its US counterpart, as higher oil prices offset broader gains for the greenback after the European Central Bank’s monetary policy decisions.
The Australian dollar exchange rates have struggled to gain any traction this week, not helped by an unexpected widening of the trade deficit; AUD/USD continues to fall after the latest ECB meeting boosted the US dollar.