Sterling rebounded from its lows and was near crucial market levels for traders as the UK formally notified Brussels of its intention to leave the EU.
The Trump trade, a potentially hawkish ECB and French elections complicate the backdrop.
The dollar pulled away from 4½ month lows against a currency basket after solid data backed expectations for more US interest rate hikes this year, while sterling was knocked by Britain triggering its exit from the European Union.
On the face of it, the first quarter of the year followed the ‘risk on’ script.
Global FX trading has fallen between two consecutive triennial surveys for the first time since 2001, according to the BIS, with declines in spot trading accounting for most of that decline – but measured in other ways, FX liquidity remains robust.
The formal veto means LSE probably won’t follow through on the sale of its French clearinghouse, which it had offered to sell to win over regulators, people familiar with the matter said this week.
The tiny but affluent Alpine country is cursed by an irrepressibly strong currency.
Malaysia is succeeding in snuffing out currency speculation – now it has to deal with the fallout.
It may be more often than one would think in FX, even when dealing on “anonymous venues”.
Market participants will have six to 12 months to adjust practices once the Code is published on May 25.
Key Senate Republicans urged the Trump administration to rethink the process for labeling firms whose failure could threaten the financial system, arguing it has led to substantial regulatory costs.
Among the myriad provisions embedded in Markets in Financial Instruments Directive II, transaction reporting and best execution are among the thorniest for buy-side asset managers.
What starts with the letter “G” and ends with “oldman Sachs”?
Tim Cartledge has been appointed global head of FX and head of product at EBS BrokerTec, amid a broader shift in the companies’ internal structure for its FX business.
Peter Kinsella has joined Commonwealth Bank of Australia (CBA) as a senior FX and rates strategist.
The US Securities and Exchange Commission on Tuesday denied for the second time this month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency.
South Africa’s finance minister Pravin Gordhan it still in his position (for now), but investors are taking little comfort as the rand and government bonds continue to slide.
Asian currencies sagged as solid US economic data backed expectations for Federal Reserve rate hikes this year, giving a lift to US bond yields and the dollar.
The Canadian dollar hung in with a broadly stronger US dollar, helped by rising prices for oil, a major Canadian export, as the Bank of Canada stuck to its cautious tone.