The Mexican peso surged more than 2% against the US dollar, confounding many traders, after President Donald Trump signed orders to build a wall on the Mexican border and clamp down on immigration.
To say that the Mexican peso has been the punching bag of choice for investors would be an understatement.
The US dollar has taken a fresh lurch lower, slumping to its lowest level since November after US president Donald Trump announced he will launch a “major” investigation into potential voter fraud.
The US president fails to see that his policy plans will drive the exchange rate up.
The dollar has peaked and will probably decline this year under President Donald Trump, according to UBS Group’s wealth-management unit, which expects the currency’s impending weakness will help to benefit prices of base and precious metals.
Sterling held on to most of it recent gains, but better than expected economic growth figures failed give the currency any further momentum.
The fallout from the UK’s vote to exit the European Union includes the risk of the pound losing favor as a place for safe-keeping by global managers and their $11 trillion stockpile of reserves.
Swift data show drop of 30% last year as capital controls and dollar strength bite.
Turkey’s lira didn’t know if it was coming or going in the wake of the latest interest rates decision, where the central bank kept its benchmark rate unchanged but tightened up on its overnight lending rate.
Russia says it will start buying up foreign currency from February in an attempt to shield the rouble from volatility.
Are systematic traders about to have a very bad three or four years?
The head of the Futures Industry Association (FIA), Walt Lukken, has issued an open letter to the US President, Donald Trump, requesting an immediate review of all financial reform regulation.
Wall Street firms waiting for President Donald Trump to usher in a new era of deregulation may have to wait a significant while longer.
German regulators will meet more than 20 foreign banks on Monday to spell out requirements for moving some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans to win over business from London after Brexit.
Bank of England’s Carney says disruptive technology could signal end to traditional bank model.
A new crowd of deregulating Wall Streeters take power in Washington under President Donald Trump, as they prepare to freeze, then undo, Obama-era rules.
As US policy makers debate changes to financial regulatory policy, a senior Federal Reserve staffer says something is missing: clear instructions from Congress about how safe the US financial system needs to be.
Counterparties will have to exchange variation margin for non-cleared over-the-counter derivatives from 1 March 2017.
BGC Brokers’ ColleX trading platform will integrate Pirum Systems’ tools.
The Federal Reserve is about to go rapid-fire on interest rates, boosting them in the second half of this year, and following that with a rise in every single quarter of 2018, according to BNP Paribas, which expects the tightening to strengthen the dollar and push gold down toward $1,000 an ounce.
Emerging stocks hit three-month highs, boosted by US shares roaring higher, but currencies weakened led by a fall in the rouble after Russian authorities announced steps to increase central bank reserves.
The South African rand strengthened more than one per cent, bringing it close to 15-month highs as it recovers the last of the losses that hit emerging market currencies after the US election.
The Canadian dollar strengthened to a one-week high against its US counterpart as investor fears of a more unfavorable trade outlook for Canada abated and the greenback suffered broader losses.