Sterling jumped by almost a cent against the dollar after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift interest rates from their record lows.
The dollar saw afternoon losses as investors looked to the Federal Reserve policy decision due Wednesday, which is expected to include plans for unwinding the central bank’s $4.47 trillion portfolio.
Dollar woes and the boost of a Macron-Merkel axis have rejuvenated the single currency.
The euro’s strength will not derail the pick-up in growth, says MUFG’s Derek Halpenny.
China’s central bank lowered its official yuan midpoint to 6.5670 per dollar, the weakest level since September 1, reflecting softness in spot yuan a day earlier.
For Sean Yokota, one has to just look at the yuan’s daily fixing to decipher China’s foreign-exchange policy. Especially these days.
Prime brokerage has had an interesting relationship with the FX market – after the initial burst of excitement when it first launched in the late 1990s, the middle years of the first decade of this century saw a growing consensus that it was a good idea that had, had its day.
Following on from the feisty debate that Profit & Loss hosted in New York regarding last look, at Forex Network Chicago this year we will be hosting a debate on Transaction Cost Analysis (TCA).
Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace.
Hong Kong and Singapore unlikely to be deemed equivalent for start of Mifid II.
The top European Union markets regulator is in line for an injection of sweeping new powers as the bloc braces for the impact of Brexit and new MiFID II rules on its capital markets.
US regulators may consider combining some capital ratios into a single measure.
CFTC’s enforcement director has made clear he intends to make broad use of a set of policies for non-prosecution agreements.
In contrast to Dodd-Frank, the Financial CHOICE Act goes back to the microprudential view, ie its focus is on the risks of isolated financial institutions.
Although Americans are distrustful of Wall Street, they are similarly distrustful of the Wall Street regulators tasked with overseeing the industry.
The challenges a new chief executive officer faces are at times influenced by the state of affairs left to them by their predecessor.
Switzerland’s financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.
Neehal Shah has joined BNP Paribas as global head of G10 FX trading with immediate effect.
The firm’s “faltering” fixed-income and currency markets franchise, which generates about a quarter of profits, can no longer be counted on to drive earnings, Autonomous co-founder Stuart Graham said.
Noble Bank International CEO John Betts on credit constraints, real-time settlement in FX and the need for greater innovation.
The clearing house recently expanded its RepoClear service to the buy side.
The Merc said earlier this month it would stop clearing CDS contracts by the middle of next year.
The South Korean won strengthened against the dollar, brushing aside US President Donald Trump’s statement that the United States may have to “totally destroy” North Korea.
The New Zealand dollar jumped as much as one per cent following the release of a new poll showing the governing National Party could rule alone after the country’s general election on September 23.