Sterling strengthened against the dollar and euro, after a survey of Britain’s dominant services industry showed growth sped up unexpectedly last month.
The dollar pulled away from seven-week highs, amid speculation that US President Donald Trump’s choice for the next head of the Federal Reserve could be a less hawkish candidate than had previously been expected.
Dollar skeptics are extending their bets outside the US, even as the greenback rallies.
Investors wanting guidance on how to trade the yen during Japan’s general election might care to look at the experience of sterling.
Statements of commitment are gradually appearing, but many banks are still analyzing the provisions of the code against their own businesses before declaring adherence publicly.
Citigroup will hand over $1.74 billion to walk away from disputes with now-defunct Lehman Brothers Holdings, a deal that cuts short an autopsy of the banks’ crisis-era derivative-trading practices.
President Donald Trump’s advisers have given him a final list of people they’re recommending as candidates to lead the Federal Reserve and have ended the search, according to seven people familiar with the matter.
Bank regulators worn down after a year of butting heads over new global capital rules see a glimmer of hope emerging in Washington in the form of Randal Quarles, who’s awaiting confirmation as the US Federal Reserve’s top bank overseer.
Possible fixes under consultation don’t go far enough, say banks.
Fed and CFTC officials also express confidence they will make progress modifying Volcker rule trading ban, other financial rules.
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Iraq says it will block foreign currency transfers and halt sales of dollars to banks in the autonomous Kurdistan region, part of its effort to squeeze the area in retaliation for its controversial independence referendum last week.
The management agreement between FXCM and Global Brokerage – the firm that rose from the ashes of FXCM’s US operation when it was banned earlier this year, has been formally ended.
With less than three months until MiFID II goes into force, attitudes towards industry preparedness have grown more positive, according to a recent informal poll conducted by the London Stock Exchange Group.
Users can now send orders to the Bombay exchange’s currency derivatives segment with ultra-low latency.
Asia Pacific currencies were gaining broadly against the dollar as the greenback retreated from Tuesday’s peak and the euro continued to recover from a six-week low.
Russia’s rouble firmed along with other emerging currencies, shrugging off a decline in oil prices.
Central European currencies jumped, with the crown hitting its strongest levels in almost four years, as a retreat of the dollar triggered flows into emerging market currencies.