Sterling’s knee-jerk pop higher in response to forecast-busting inflation data has proven very short-lived.
Importers gain some relief from sterling’s bounce but Brexit looms large.
The dollar traded near a one-week low versus a basket of major currencies, having come under pressure after a surprisingly soft US manufacturing report.
- Dollar Pulls Back to Six-Month Lows – Financial Times (subscription)
- Dollar Extends Drop on Report of Trump’s Classified Disclosure – Bloomberg
The euro hit a six-month peak and German stocks touched a record high as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States.
The average daily volume (ADV) submitted to CLS in April was $1.52 trillion, down 5% from the ADV of $1.6 trillion that it reported in March.
Latin American currencies and stocks closed higher as talks of extended production cuts lifted crude oil futures, triggering a rally across commodity markets.
Hedge funds are giving up on the Australian dollar.
Two months after Iceland removed its capital controls, hopes that the shift would ease pressure on the country’s currency appear to have been in vain.
Euro-denominated derivatives markets have to remain free of political influences.
An impending code of conduct among FX market participants won’t necessarily mean better execution and trading costs for asset owners.
Decision a ‘no brainer’ but some say rejected secured rates could prove useful.
The acting head of the US derivatives regulator will make a major announcement about financial technology, commonly called fintech, on Wednesday at the New York Stock Exchange, according to an announcement.
Brian Quintenz has been nominated to be a Commissioner at the Commodity Futures Trading Commission (CFTC), according to a White House press release.
Australia’s conservative government last week announced the biggest overhaul of financial regulation in a generation.
There have been some raised eyebrows in the FX industry recently amongst those that have noticed FastMatch’s sudden spike in volumes.
Lee Stevens has joined Tanridge Captial in London as managing director and head of sales.
Pragma Securities has expanded its algorithmic trading platform, Pragma360, to include NDF products.
New research suggests algo traders are changing the market microstructure.
Banks have tightened their security systems and increased their surveillance after the global cyber assault on individuals and organizations worldwide.
Behind the rise of ransomware lies the rise of Bitcoin, the virtual currency of choice for hacker blackmailers who steal huge amounts of sensitive data.
Major currencies continued to advance on the dollar in Asia trade, with the dollar index dropping 0.1 per cent to 98.857 after shedding a third of one per cent.
The Czech crown led gains among eastern European currencies, hitting a new three-and-a-half-year high after data showing buoyant economic growth, while broader emerging stocks firmed for the seventh straight day.
The Canadian dollar strengthened to its highest level against its US counterpart in more than two weeks as the price of oil, one of Canada’s major exports, jumped after major producers took a step toward extending a supply-cut deal.