With just over a month to go before adherence is expected of market participants, the Global FX Committee (GFXC) has announced that “well over” 100 market participants have now made Statements of Commitment to the FX Global Code less than one year after its launch.
The pound touched its highest level since the Brexit vote ahead of EU-UK negotiations this week.
The Canadian dollar and Mexican peso rose against the dollar, reflecting fresh optimism on trade negotiations with the US.
The euro rose above $1.24 to a three-week high after solid Chinese economic data and receding worries about more US strikes in Syria revived risk sentiment, weakening the dollar.
President Donald Trump accused China and Russia of devaluing their currencies, breaking from his own Treasury chief’s view that no major trading partners are currency manipulators.
The franc is within striking distance of what was once one of the most heavily defended boundaries in global markets.
Barclays has been gauging clients’ interest in the British bank starting a cryptocurrency trading desk, potentially joining Goldman Sachs Group in pioneering a new business on Wall Street, according to people with knowledge of the matter.
- Ex-Goldman VP Joins Rocker to Drag Cryptocurrencies Into Mainstream – Financial News (subscription)
- Cryptocurrency Exchange Kraken Pulls Out of Japan – Bloomberg
Some of the most senior men and women in the global hedge fund industry have put forward their collective vision of the hedge fund firm of the future in a new report published by the Alternative Investment Management Association (AIMA).
New York Fed finds erroneous data in SOFR calculation.
President Donald Trump intends to nominate Dan Berkovitz, a former Commodity Futures Trading Commission general counsel, to fill the final open slot on the commission, the White House said.
President Donald Trump revealed his latest picks to fill empty seats on the Federal Reserve Board, saying he would nominate Columbia University economist Richard Clarida as vice chairman and Kansas banking regulator Michelle Bowman as a governor.
The Federal Reserve’s regulatory czar wants to consider letting banks publicly comment on the scenarios in the Fed’s annual “stress tests,” a shift from previous leadership that could open up the crucial exams to more industry criticism.
The advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of “inevitable” accidents waiting to happen, the head of the International Monetary Fund has said.
Cboe Global Markets has announced that its swap execution facility, Cboe SEF, has launched trading of USD/RUB and USD/PEN non-deliverable foreign exchange forward currency pairs.
Two FX industry alumni have teamed up to launch Axiom Global Advisors, a London-based consultancy that specialises in the delivery of independent business assessments and recommendations to FX Market Participants.
CME Group saw a record 22.2 million contracts per day on average globally in the first quarter this year.
The Hong Kong dollar remains stuck at the weak end of its currency band, even after the monetary authority plowed $1.7 billion into defending the peg.
Turkey’s lira was a touch weaker after plumbing a series of record lows last week, as investor alarm about double-digit inflation has been heightened by President Tayyip Erdogan’s drive for lower interest rates.