Sterling fell to a seven-week low as a survey showed growth in Britain’s dominant services sector cooling and British Prime Minister Theresa May played down talk of a fresh Scottish independence vote as the UK prepares to leave the EU.
The battered British pound is set for a slow burn lower along with diminished growth prospects once the UK government triggers official proceedings for divorce from the European Union as it is expected to do later this month, a Reuters poll found.
The offshore renminbi has just traded at a weaker level against the dollar than its onshore cousin for only the second time in two months.
The government has been pushing the price of the yuan up, not down.
The dollar slipped but remained on track for a solid weekly gain on growing expectations the US Federal Reserve will raise interest rates at its mid-March meeting, which led to a rise in US Treasury yields.
Latin American stocks and currencies fell on growing expectations of a March US interest rate increase that could reduce the allure of high-yielding assets.
Denmark’s central bank sold DKr4.7bn (€600m) to weaken the krone in February, its latest statistics showed today, confirming suspicions that it’s working hard behind the scenes to keep in check its currency’s peg to the euro.
South Korea’s won has risen more than six percent against the US dollar this year, the best performer among major currencies, data showed.
While other Asian currencies have strengthened against the dollar this year, the peso has hit a more than 10-year low and remains locked out of the party.
Parker said the biggest moves in currencies are mostly over as elections in Europe and a likely retreat in global stock markets will make investors cautious about putting money into riskier investments.
The price of a bitcoin has climbed above that of a troy ounce of gold for the first time on record after the cryptocurrency enjoyed a dramatic upswing in interest since last year.
Technology has changed the way we do many things, but financial technology has revolutionised the currency markets in recent years.
The Financial Stability Oversight Council, made up of all major US financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as “too big to fail,” according to a statement from the Treasury Department.
Republicans’ big idea to keep banks safe is too loose for Democrats and too strict for banks.
FINRA whacked firms and their representatives with a record $176 million in fines in 2016, according to a report by law firm Eversheds Sutherland.
The Bank of Canada has followed through on a plan to change how it publishes reference FX rates to reinforce the distinction between reference rates used for benchmark fixings and those for information purposes only.
CME Group says it will change the exercise and assignment rules for all options on FX futures contracts.
The result reinforces the transition from voice dealing to eFX solutions.
In a two-year battle to defend the value of its currency, Africa’s largest oil producer is resorting to a new weapon: armed foreign-exchange police.
The AUD is currently trading at 0.7567 against the USD.
Central European stocks and currencies eased for a second session in a row on the back of growing market expectations of a US interest rate hike in March.
The Canadian dollar weakened against its US counterpart, shrugging off solid domestic economic growth data as lower oil prices and increased bets on a US interest rate hike weighed on the loonie.