The Canadian dollar and Mexican peso are holding onto earlier gains made against the dollar after the White House announced that it had “agreed not to terminate Nafta at this time”.
- Dollar Holds Gains; Canadian Dollar, Mexican Peso Surge on NAFTA Relief – Reuters
- Here Are the Markets Moving on Reports That Trump Will Drop Nafta – Bloomberg
Forex is in focus as traders absorb developments regarding US president Donald Trump’s fiscal and trade policies.
- Markets Say ‘Tell Us What We Don’t Know’ On Trump Tax Proposal – Bloomberg
- ‘Fist Bumps’ at Hedge Funds Over Trump’s Tax Plan – Reuters
Sterling rose around half a percent to seven-month highs above $1.29, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June.
What a difference a week can make. Perceived as the riskiest currency on the planet until Sunday’s French election, the euro is suddenly everyone’s favorite.
The financial markets industry has another code of conduct to conform with after the Bank of England released its new, voluntary, UK Money Markets Code, which sets out the standards and best practice expected from participants in the deposit, repo and securities lending markets.
Brigid Taylor, global managing director of ACI, argues that it would have.
Europe’s largest investment bank reported an 11 percent increase in revenue from trading bonds and currencies in the first quarter.
The London Stock Exchange Group has reported growing demand from investors around the world to use its clearing house, in spite of the unit’s uncertain future following the UK’s decision to leave the EU.
It would help if the see-saw connection in the FX market between provider and consumer was rebalanced a little.
The Federal Reserve is restructuring a panel it set up in 2010 to improve its supervision of the largest and most complex banks, according to people familiar with the initiative, in its latest effort to implement lessons learned from the financial crisis.
The roll-out of legislation this week that would rip up much of the Dodd-Frank Act marks a pivotal moment for Republicans’ efforts to overhaul post-crisis financial rules.
State banking regulators sued a federal agency in an effort to prevent it from issuing specialty national banking licenses to financial-technology firms, a growing area of competition for traditional banking.
Deutsche Bundesbank said the widespread use of blockchain in financial markets is not a certainty as the German central bank still has many questions about distributed ledger technology.
Hotspot has appointed Jon Weinberg as head of FX liquidity analysis.
Fenics Market Data, which is owned by brokerage firm BGC, has added two new members to its Americas team, both based in New York.
The InterContinental Exchange has been asked by several European Union countries whether it would move its clearing operations to the continent, the exchange’s chief executive Jeff Sprecher said.
International banks are getting serious about moving staff to Frankfurt after last year’s Brexit vote spurred competition among European cities to lure jobs away from London.
At least three bitcoin exchanges have said in recent weeks that they can’t process transactions in dollars, as global banks pull back from sectors they deem too risky.
The Swedish krona is on track for its biggest one-day fall against the euro in six months, after the Riksbank surprised investors by announcing an extension to its bond-buying programme.
Having suffered the worst start to the year of any emerging market currency, Turkey’s long-suffering lira is heading for its strongest level of the year after the country’s central bank surprised markets with a dose of monetary tightening this month.
The value of Nigeria’s latest naira exchange rate, set specifically for portfolio investors, eased for a second straight day even as the central bank stepped up dollar sales on the spot and forward markets.