Join members of the Foreign Exchange Professionals Association (FXPA) on Wednesday, May 30, for a webinar on the “FX Global Code: One Year Anniversary – Where are We?” at 10am (Eastern US)/3pm (UK)/10pm (Singapore).
The dollar hit a five-month high after US Treasury Secretary Steven Mnuchin declared the US-China trade war “on hold” following their agreement to suspend threatened tariffs.
Under Trump, the US is increasingly seen as an unreliable partner.
The pound fell to a five-month low as the dollar surged and investors prepared for data that could determine whether the Bank of England raises interest rates this year.
- Sterling Slips Below $1.34 Ahead of Latest Brexit Talks – Financial Times (subscription)
- Pound Slides to This Year’s Low as Brexit to Italy Risks Weigh – Bloomberg
JPMorgan’s emerging-market currencies index is now under 66, its lowest point in a year.
The takes are flowing in, now that investors have started to pay attention the aspirations and policies of an Italian government of all the populists.
Big banks are increasing their budgets for dealing with Brexit, as they stick to a March 2019 deadline to transfer parts of their businesses from London despite the 21-month transition deal struck between the UK and EU earlier this year.
Look at the relationship dynamic and a lot has changed – especially over the past five years or more.
Profit & Loss’ annual New York conference is set for this Thursday, May 24 at the Crowne Plaza, Times Square and features a host of sessions looking at the world of crypto as well as more traditional FX issues such as the role of currency managers and the future of electronic trading.
The Commodity Futures Trading Commission (CFTC) has approved a proposed rule that it says will reduce regulatory burdens for US market participants in order to promote economic growth and job creation, by bringing certain CFTC requirements in line with other US regulators.
Global association fears derivatives market ill-prepared for end of lending benchmark.
Coinbase and another cryptocurrency firm talked to US regulators about the possibility of obtaining banking licenses, a move that would allow the startups to broaden the types of products they offer.
Shareholders of Nex Group have voted in favour to sell the UK trading and technology company to the US’s CME Group for £3.9bn.
Global investment banking revenue will recover from a fall of about 15 per cent in the first five months of the year, according to the head of capital markets origination at Citigroup.
Viral Tolat has been appointed chief executive officer at TradAir, filling a role vacated last year when co-founder Illit Geller stepped down.
LMAX Exchange has launched what it says is the first physical crypto currency exchange dedicated to serving only institutional clients.
Genesis Global Trading has received approval from the New York Department of Financial Services (DFS) for a BitLicense.
Mark Mobius, Davide Serra, Martin Wheatley and Nick Leeson strongly critical of cryptocurrency.
Since its founding by a former Airbnb engineer in 2012, Coinbase has been growing at a rate rivaling much-better-known start-ups.
Coincheck’s new owner plans to bring the platform to America.
Rupiah slumps to 31-month low; bond yield at 14-month high.
Brazil’s Central Bank will boost its currency swap programme to reduce local currency volatility, Finance Minister Eduardo Guardia told Reuters.
Argentina’s peso stabilized as the central bank declined for the second day in a row to support the local currency by selling dollars, indicating its willingness to let the market find its own level under 25 to the US dollar.