The euro has climbed to its highest intraday level against the dollar in more than 14 months ahead of congressional testimony from US Federal Reserve chair Janet Yellen.
The dollar wobbled in early Asian trading as investors, already wary ahead Federal Reserve Chair Janet Yellen’s testimony, digested emails released by President Donald Trump’s eldest son suggesting he welcomed Russia’s help in last year’s election campaign.
Slightly better than expected wages and jobs data saved Britain’s pound from another plunge lower, offsetting a series of political and economic warning signs as talks on leaving the European Union get going in earnest.
Divergence in monetary policy between Bank of Japan and peers spurs forex selling.
The cost of using financial derivatives is likely to increase if euro-denominated clearing is relocated from London to the European Union after Brexit, trade association ICMA said.
HSBC Holdings and UBS Group have each agreed to pay $14 million to settle private US litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.
BlackRock’s global chief investment strategist suggested that loose monetary policy may have aided speculation in digital currencies like bitcoin, but he said the risk to the broader financial system appears limited.
If National Economic Council Director Gary Cohn decides he wants the job, he is likely to get it, sources close to the process said.
Donald Trump’s pick to be the Federal Reserve’s regulatory chief has been slammed as “dangerous” by Senator Elizabeth Warren, a leftwing firebrand.
Christopher Giancarlo, the acting chairman of the US Commodity Futures Trading Commission (CFTC), has appointed Daniel Gorfine to serve as director of LabCFTC and chief innovation officer, effective immediately.
The Volcker Rule is emblematic of the challenge facing the latest Federal Reserve nominee.
The first coordinated global test showed clearinghouses, the firewalls protecting the financial system from calamity, are strong enough to survive a major bank going bust.
Nex Group reported a 10 per cent rise in first quarter revenues, reliant on its market infrastructure business as low market volatility crimped turnover from trading.
Britain may have left it too late to convince major banks that it can strike a deal to soften the impact of Brexit before they start shifting jobs from London.
Interviews with scores of senior executives from big British and international banks, lawyers, academics, rating agencies and lobbyists outline some of the dangers for companies and consumers from potentially losing access to London’s markets.
Former Credit Suisse Group trader Nikolay Storonsky is getting $66 million from investors including Index Ventures to help expand his business offering banking services and add cryptocurrency exchange for customers.
Major Asia Pacific currencies firmed against the dollar in morning trade ahead of US Federal Reserve chair Janet Yellen’s semi-annual testimony to Congress.
The Czech crown firmed leading cautious currency gains in Central Europe, after June inflation figures fuelled expectations that the Czech central bank will hike interest rates for the first time in almost a decade before long.
The Canadian dollar retreated against its US counterpart ahead of an expected interest rate hike by the Bank of Canada.