Sharpest drop in three months after central bank orders lenders to scrap two rules.
- China Central Bank Relaxes Yuan Hedging Rules as Currency Strengthens, Capital Outflows Ease – Reuters
The dollar edged higher, after posting its biggest weekly drop in two months, as a revival in interest in riskier assets prompted some investors to cut short bets against the greenback before US inflation data this week.
Speculators’ net short bets on the US dollar grew to their highest since January 2013 in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data.
Sterling rose to a three-and-a-half-week high against the euro, helped by speculation that the Bank of England may sound more hawkish on interest rates this week in defense of the currency.
Sterling stands one chance in four of weakening to parity with the euro in the coming year, according to analysts polled by Reuters this week, but only a few said that was their central forecast.
The euro and the European Central Bank’s relationship status: It’s complicated.
Italy’s main opposition parties are replacing their calls to leave the euro with apparently less radical proposals to flank it with a new currency they say can boost growth and jobs.
Who needs central banks when you can have freely floating currencies instead? That’s the question posed by HSBC.
The UK has gained potential allies in its bid to hold on to the business of clearing euro-denominated derivatives after Brexit.
London remains the globe’s most attractive financial center, extending its lead over New York despite Britain’s looming departure from the European Union, a survey found.
Short sellers await arrival of bitcoin futures that will introduce two-way trading.
Buy and hold it – maybe. But trading it? I am less sure.
His hiring had been subject to a long delay.
Europe’s regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets.
Authorities to ban commercial trading of all virtual currencies.
Russia is drawing up rules about how to conduct initial coin offerings, breaking ranks with China after President Vladimir Putin signaled his approval for digital currencies.
Gain Capital’s GTX has launched full-amount streams on its ECN platform.
Two of the world’s largest blockchain developers are battling over more than $1 billion in virtual-currency options, in a dispute that may help establish the leading player in providing new payment technologies to financial companies.
Nine out of the ten biggest FCMs in the US reported a decline in customer assets under seg in July.
Profit & Loss understands that Rene Schwarzl has left Standards Chartered Bank in Singapore where he was director, global macro sales.
Connectivity provider Avelacom is using Metamako, the specialist provider of FPGA-enabled, high-performance networking devices, to accelerate its network processing power and keep latency to an absolute minimum.
Investors had been bracing for North Korea to test a missile to mark the country’s founding day over the weekend, but Pyongyang opted instead to hold a celebration.
Havens including Japan’s yen and gold were softer and the dollar was gaining in Asia after the weekend passed without another missile or nuclear weapons test by North Korea.
Central European currencies were steady, with the Czech crown unmoved by August inflation data, which was in line with analysts’ expectations and stayed above the central bank’s target.