Sterling has climbed against all of major currencies and broke the $1.26 barrier against the dollar.
Traders might be looking at the prospect of destabilising victories for populists in European elections and are upgrading their view of the relative prospects for sterling in that light.
The dollar advanced for a fourth day on bets that higher spending under Donald Trump’s administration will boost economic growth and inflation, convincing the Federal Reserve to raise US interest rates.
- US Dollar Rally Finds New Life Under Trump – Wall Street Journal (subscription)
- The USD Plays the Trump Card – Seeking Alpha
Yen, rupiah and yuan drop while bond yields rise.
CME Group’ s CEO, Phupinder Gill, has informed the company’s board of directors that he is retiring from the organisation and board, effective, December 31, 2016.
A new post by Liberty Street Economics, which operates under the auspices of the Federal Reserve Bank of New York, argues the case for performance bonds for bankers to help combat misconduct.
Job losses threaten to have ‘a significant domino effect on jobs and revenue’.
CME Group is examining options in Dublin to ensure its clearinghouse keeps access to European Union customers after the UK leaves the bloc, according to people familiar with the discussions, as financial giants try to figure out how to protect links with the region.
Gil Mandelzis talks about his time as CEO of EBS BrokerTec and the challenges facing the industry.
Bets on higher-yielding currencies from Indonesia to Brazil are unwinding at the fastest pace since 2011 as soaring US Treasury yields undermine the case for riskier government debt.
The Chinese renminbi might look like a direct winner from potential uncertainty surrounding a Donald Trump presidency, but analysts warn the country’s trade surplus and lack of government transparency could offset the currency’s popularity as a global currency reserve.
India’s new policy to scrap high value notes is considered a “risky, but a bold and decisive step”, it said.
Many see withdrawal of banknotes as a price to be paid for eliminating black money.
Undesirable retail trading behaviours reflect a broader trend taking place in the foreign exchange market.
Patent applications are surfacing for blockchain technology in foreign exchange, but that doesn’t mean the technology known for bitcoin transactions will soon be applied to the world’s largest over-the-counter market.
President-elect’s team is targeting individual provisions of law.
As the Republican Party’s transition team begins to invoke its policies, one item on the agenda is the abolition of the Dodd-Frank Act which caused many retail FX firms to exit the US market.
J. Christopher Giancarlo, a Republican member of the Commodity Futures Trading Commission who has close ties to the derivatives industry, is a leading candidate to head the regulator in the Trump administration, according to people familiar with the matter.
Germany’s financial watchdog warned against a loosening of post-financial crisis bank regulations.
A committee chaired by officials from the finance ministry and the Central Bank of Myanmar has been created to deal with exchange rate volatility.
Donald Trump’s victory failed to see the predicted US dollar flash crash that FX markets had presumed, with the GBP to USD exchange rate soaring to a five-week best conversion.
BNP Paribas believes that their year-end exchange rate forecasts of 1.08 in the EUR/USD and 108 in the USD/JPY will arrive much earlier.
The deal has already been approved by the FCA with the change of control process of CFH Group.
Emerging Asian currencies and bonds extended losses, with Malaysia’s ringgit near 10-month lows on growing fears that higher US Treasury yields on US president-elect Donald Trump’s policy stance may spur more regional capital outflows.
US President-elect Donald Trump appears to have burst the bond bubble, putting emerging markets from Mexico to Indonesia at the sharp end of a sell-off.
Malaysian financial markets are bracing themselves for the prospect of further pressure on the ringgit after the central bank’s shock decision to severely curtail trading in the currency, which has fallen to its weakest levels in more than a decade.