The pound rose for a fourth day versus the dollar before Prime Minister Theresa May gives more details on her plan to preserve the rights of European Union citizens living in the UK after Brexit.
The dollar drifted as US Treasury yields stayed low amid fading expectations that the Federal Reserve will hike interest rates again later this year.
Speculators boosted net long positions on the US dollar, after slashing them the previous week to their lowest level since last August, according to calculations by Reuters and data from Commodity Futures Trading Commission.
Yields paid on Mexican interest-rate future contracts fell after the central bank signaled it would not increase borrowing costs any further.
The reasons for this sustained rally are numerous.
The vital role of volunteers and how they can help shape the future of the FX industry.
China handed down a $101 million penalty and two suspended prison sentences in its first criminal case against a high-speed trading firm.
Digital-currency exchanges don’t have circuit breakers or closing bells and they don’t reverse trades.
The White House is very close to naming its nominees for the top US securities regulator, a senior official said, which could lead the current three-member Securities and Exchange Commission to reach its full five-member complement in the near future.
SIFMA also criticizes FINRA for not gathering enough cost-benefit data, ‘resulting in unworkable or unnecessarily costly rules’.
UK regulator considers ‘all-in’ fee, fund governance shake-up and antitrust referral.
Former Fed manager Christopher Laursen warns against prop trading, even for well-capitalised banks.
Commentary by Bart Chilton: Plans to roll back financial regulations are “disastrous and deeply dangerous.”
Fed’s focus on capital ratios rather than qualitative part of stress tests likely to result in less failures.
The US appears to have settled upon a reference rate to replace the current London Interbank Offered Rate (Libor).
Malpass’s task is to reassure those eager to hear a single authoritative voice.
Thomson Reuters has added 15 new currency pairs to its binary multicast feed for Matching.
INTL FCStone has announced that the Global Payments Division (GPD) of its London-based subsidiary has introduced Automated Clearing House (ACH) connectivity, enhancing the company’s high-volume, low-value cross-border payments offering.
Trading and market data technology provider Vela Trading Technologies has entered into a definitive agreement to acquire OptionsCity Software, a provider of futures and options trading and analytics solutions.
UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products.
Forex market movements were muted in early Asia trade, as the dollar held largely steady against regional currencies.
The Canadian dollar fell against its US counterpart after weaker-than-expected domestic inflation data reduced the chances of an interest rate hike next month from the Bank of Canada.
The Romanian leu held steady, unrattled by the ousting of Prime Minister Sorin Grindeanu last week, and stocks markets in the region opened higher, led by Polish banks.