Former Federal Reserve Chairman Alan Greenspan forecast that interest rates will begin rising soon, perhaps rapidly.
It took them a year and a half, but retail currency brokers are finally winning back some of the credibility they lost when a shock decision by the Swiss central bank cost them millions of dollars.
Citigroup Inc.’s last real proprietary trader is leaving the building.
While market talk suggests a number of finance professionals are delaying planned moves to London and some hiring seems to have been put on hold, specialist FX recruiters claim it has largely been business as usual post-Brexit.
Japan’s top currency diplomat on Thursday repeated a warning that authorities are watching for speculative currency market moves and would respond if needed.
Stefan Thomas, who introduced millions of people to bitcoin, has had a change of heart.
Even as FXCM continues to extricate it from a punitive loan that saved the firm, its travails are increasing with news the US Commodity Futures Trading Commission (CFTC) has charged the firm over events surrounding its near collapse in the immediate aftermath of the Swiss National Bank removing its EUR/CHF peg on January 15, 2015.
The US Commodity Futures Trading Commission (CFTC) has formally charged Deutsche Bank over a breakdown in the bank’s systems that led to it not reporting swaps data for five days.
Northern Trust has established an FX presence in Sydney along with efforts to boost its securities lending in Australia.
Since the start of 2016, we have seen a number of companies from the foreign exchange industry getting the IPO fever and some successfully listing on a couple of occasions.
The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry to hike rates.
As we enter the final day of trade for the week, it’s the US Dollar that’s once again taking most of the hits, with currencies higher against the Buck pretty much across the board. Most of this week’s US Dollar selling has come from a softer run of US data and expectations the Fed will remain in a holding pattern.
Consumer prices in the Euro zone rose slightly on an annual basis in July, official data showed on Thursday.
The Australian economy gained 26.2K jobs in July, more than double the early expectations for 10.2K.
The Nigerian naira traded at an all-time low of 365.25 to the dollar on Thursday in a single interbank market trade of $1 million, Thomson Reuters data showed.