Sterling rose to a 10-day high, boosted by a report in Germany’s Handelsblatt newspaper that the European Union could offer Britain a two-year transitional Brexit deal.
The euro edged higher, on track for its biggest weekly rise in a month as investors switched focus from the euro zone’s political concerns to its brightening economic outlook.
The buck slipped and was on course to post its first weekly decline in five amid persistent concerns about tepid US inflation.
Weathering political turbulence and the prospect of tightened monetary policy is about to get tougher for the bulls in emerging markets.
It’s been a rough month for Asian emerging market currencies, capping strong gains made over much of 2017.
Citigroup, Deutsche Bank and HSBC Holdings have agreed to pay about $132 million in total to resolve accusations they rigged a lending benchmark, according to court documents.
Tighter monetary policy, US tax-cut prospects and European growth are among the ideas that have driven currency trading in 2017.
Andrew Haldane defends regulations instituted after the financial crisis, saying they have made banks safer.
The derivatives industry is lobbying policymakers to abandon dual-sided trade reporting, align European and US swaps rules, and ease the European Market Infrastructure Regulation’s (EMIR) burden on end-users.
After countless delays, financial institutions are lobbying quietly to have the rules take effect on a Monday.
President Donald Trump plans to conduct more interviews as he considers who to appoint as the next leader of the Federal Reserve, White House Chief of Staff John Kelly said.
A growing number of cryptocurrency start-ups are filing with the SEC when they raise money through token sales.
South Korea and China have agreed to renew their currency swap agreement after they let their previous deal expire, in an apparent bid to contain the fallout over Seoul hosting a US missile system that Beijing opposes.
The average daily traded volume submitted to CLS was $1.75 trillion in September, up 10.7% from $1.58 trillion in August 2017.
Managed futures traders slipped after two months of gains, losing 0.72% in September, according to the flash estimate for the Barclay CTA Index, which is compiled by BarclayHedge.
That number is taken from looking at announcements from just six investment banks on their Brexit plans.
China’s yuan firmed against the US dollar and looked set to strengthen more than one percent for the week, supported by dollar weakness, traders said.
Central European currencies and government bonds mostly firmed slightly after sources told Reuters that the European Central Bank is likely to extend its asset purchases.