A global shift away from riskier assets and into the safety of perceived havens was under way in European trade with investors eyeing deteriorating relations between several major world economies.
The dollar wallowed near a three-week low against its peers as US Treasury yields fell sharply, while the euro’s recovery remained intact amid expectations the European Central Bank will begin unwinding its stimulus programme.
Sterling traded flat, reflecting uncertainty among traders before a week in which Brexit talks and economic data may determine if the pound’s two-month losing streak continues.
While the shared currency has rebounded almost three percent from a ten-month low that coincided with Italy’s political crisis, it formed a bearish technical pattern on the charts.
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies.
Top executives at Société Générale ordered the bank’s manipulation of the US-dollar Libor interest rate, according to previously unreported court documents that show US prosecutors had evidence in 2015 indicating high-level involvement in the scheme.
Top officials from global supervisory bodies furiously debated the implications of new European rules that change the oversight of foreign clearing houses, covering the role of central banks, national regulators, and arrangements in crisis situations.
Some of the early excitement around peer-to-peer (P2P) FX appears to have subsided, with firms suggesting that clients do not care whether trades are matched internally.
Wall Street’s megabanks can expect new limits on how much credit exposure they can have to one another as the Federal Reserve prepares to approve long-delayed Dodd-Frank Act restrictions next week.
Pockets of big risk-taking have persisted within the banks – and that could jump with last week’s proposed changes to the Volcker Rule.
A looser regulatory approach to swaps trading in the US could see volumes boosted by as much as 20%, according to a new report from Greenwich Associates.
The group tasked with finding an alternative rate to sterling Libor is set to launch a public consultation on developing a term market for the new rate, says a senior official at the UK financial regulator.
Lack of clarity on the regulation of cryptocurrencies has proved to be a major barrier for institutional investors looking to trade digital assets.
An artificial intelligence (AI)-powered broker startup firm has completed the first transaction of cryptocurrency between Rockwell Capital Management and TLDR Capital.
Long-term holders cashed out to short-term speculators, data show.
US isolationism could undermine the dollar’s status as the world’s reserve currency, Lazard CEO Ken Jacobs said.
Following a marginal uptick in April, the SG CTA Index moved into negative territory in May, down 2.41% for the month, despite being up mid-month.
Steven Englander has left his role as head of research and strategy at Rafiki Capital Management.
Brazilian President Michel Temer said there was no risk of a currency crisis in Latin America’s largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank’s intervention in the market.
Turkey’s central bank surprised markets with a higher than expected interest rate increase that will ease concerns about political interference in monetary policy before crucial elections.