This break higher euro may not be exactly what European Central Bank chief Mario Draghi had in mind. But it’s no blip.
The dollar index fell to its lowest level in over a year, in a sign that political tensions in Washington are spilling over into financial markets.
Sterling steadied but was on track to record its worst week against the euro in nine months, with the single currency rallying across the board on bets that the European Central Bank was on track to tighten monetary policy next year.
MUFG is bullish on sterling and already had a target of $1.40 for the second half of 2018.
PrivateBank sees peso falling more than 4% by end of September.
South Africa’s first interest rate cut in five years, and a surprise one at that, probably won’t be enough to break the rand’s resilience.
For speculators, hedgers and every other class of market participant, when they see turmoil, they immediately think foreign exchange.
Financial markets generally don’t do carefully crafted political soundbites, but if they did, then “we’ve never had it so good” best encapsulates foreign exchange over the past two decades.
Although much is said about the rising cost of regulation in financial markets, there have been few attempts to empirically demonstrate the impact.
Banks which are shifting operations to avoid disruption once Britain leaves the European Union hope only a handful of people will eventually have to leave London, industry sources say.
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Several regulators have dropped pursuit of a long-running plan to restrict bonuses on Wall Street, as part of a wider effort to stop working on unfinished rules put in place after the financial crisis.
Board advances proposals to amend membership applications to allow the regulator to scrutinize troubled brokers, pending monetary awards.
The average daily volume (ADV) of trades submitted to CLS was $1.64 trillion in June, up 6% from $1.55 trillion in May, and up 1.64% year-on-year.
Managed futures traders lost -0.98% in June, according to the Barclay CTA Index compiled by BarclayHedge.
Patrick O’Brien has left his position as managing director, foreign exchange, at BNY Mellon.
Greg Tusar, an electronic trading pioneer, confirmed that he left KCG Holdings upon the closing of the firm’s $1.4 billion takeover by rival Virtu Financial.
Four years after the launch of the randomised platform, it still has room to grow, says CEO.
The Australian dollar fell from a two-year high after a top central banker said rate rises overseas did not automatically mean the policy rate in Australia needed to be increased.
The Brazilian real strengthened to a two-month high as traders bet on stronger capital inflows in coming weeks amid a batch of corporate listings.
Peru’s sol currency closed flat at 3.241 per dollar after the central bank intervened in the foreign exchange market, buying $302 million after companies sold off dollars ahead of looming monthly payments.