Market jitters buoy gold, yen and Swiss franc while stocks retreat.
The euro surged past a key level as investors grew bullish about its outlook after the head of the European Central Bank refrained from talking about the single currency’s recent strength and in the backdrop of brewing US fiscal problems.
Sterling rose to two-week highs against the dollar after escalating tensions in the Korean peninsula added to the greenback’s woes.
Weaker sterling more than offsets risk of WTO tariffs, says UK manufacturer.
The dollar rallied against the Mexican peso as President Donald Trump doubled down on threats to pull the US from the North American Free Trade Agreement.
The Mexican peso’s reaction to tweets by US President Donald Trump on Nafta and the border wall could signal that the currency has little room left to gain, according to BlackRock and Citigroup.
China’s yuan strengthened against the US dollar in both onshore and offshore markets, relative to the day’s guidance and Monday’s local official close, aided by the greenback’s broad weakness.
Despite its small size – it is home to under a million residents – and its unfair but unshakable reputation for being somewhat dull, Frankfurt is winning the battle for the spoils of Brexit Britain’s economic heart; the City of London.
Amber Baldet is convincing JPMorgan Chase and other institutions that change is good.
And four in 10 are planning to invest in it in the future.
Recent actions against BNP Paribas of France illustrate what big bank enforcement looks like today.
This is the latest sign that the SEC may be stepping up its level of scrutiny on the cryptocurrency space.
Financial firms needing to create International Securities Identification Numbers for over-the-counter derivatives will have one less worry when time comes to pay for their ISINs.
Increased coordination in handling financial crime will help control fraud in one of Asia’s biggest financial centers.
Fenics Market Data, the market data division of BGC Partners, and China Credit BGC Money Broking Company (CCT-BGC) have agreed to a distribution partnership, whereby Fenics Market Data will exclusively provide CCT-BGC’s Chinese market data products to clients.
Roger McAvoy has been appointed as a senior vide president, market development, at Hong Kong Exchanges and Clearing (HKEX).
A forex trader with a local bank says there will be very little demand for the newly introduced instrument after Bank Negara Malaysia slammed its introduction.
Chinese bitcoin and cryptocurrency exchange Huobi today announced the launch of new cloud-based service WeQuant.io. The new platform will focus on quantitative and automated trading of digital assets and will be provided free of charge to Huobi clients.
Most emerging Asian currencies slipped after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang.
Emerging equities retreated from last week’s three-year highs after a North Korean missile test sapped Asia’s big bourses, though dollar weakness capped the losses, with China’s yuan approaching a one-year high.
According to forex dealers, month-end demand for the US currency from importers and a weak domestic equity market put pressure on the rupee.