Sterling rebounded from 11-month lows to gain over half a percent versus the euro on speculation the European Central Bank might not tolerate a strengthening single currency for too long.
The dollar held near a two-week peak against the yen and below $1.19 per euro, a broad recovery since Tuesday helping it end August close to flat against its major peers.
- Dollar Advances on Back of Stronger-Than-Expected GDP, Jobs Data – Bloomberg
- Dollar Rebounds as North Korea Fears Ease – Wall Street Journal (subscription)
UBS Group is leaning toward Frankfurt for its trading headquarters inside the European Union after Brexit, according to four people with knowledge of the matter.
Digital coins challenge the guardians of official money.
And my major concern over MiFID II – best execution.
After a hugely successful run of conferences in Copenhagen, Profit & Loss Scandinavia is spreading its wings with the first conference in Stockholm.
Approaching Mifid II deadline adds urgency to Giancarlo’s overhaul of Sef rules.
Researchers face unprecedented competition from banks.
Federal Reserve Governor Jerome Powell delivered a robust defense of new regulations for bank directors, saying they would streamline the role directors play in the day-to-day oversight of their institutions, but don’t weaken their hand.
James Reilly has left Cantor Fitzgerald in New York, where he was senior managing director and global head of FX sales and trading at Cantor Fitzgerald.
‘Utility settlement coin’ aims to launch next year for blockchain settlements.
Russia would be the first stock exchange to make crypto-currency a new investable asset.
Most emerging Asian currencies rose on, with the Chinese yuan hitting its highest level in over a year, as investors’ concerns over North Korea’s latest missile launch began to recede.
Antipodean currencies such as the Australian and New Zealand dollars strengthened against their major counterparts in the Asian session as Asian stock markets traded higher with modest gains after North Korea’s launch of a missile over Japan seemed to ease.
Central European stocks and currencies rebounded, tracking core European markets as caution eased somewhat in the wake of North Korea’s latest missile test, and also helped by hawkish Czech central bank comments.