Sterling edged back towards an almost six-week low against the dollar as growing doubts around the progress of Brexit talks with Europe continued to weigh on the currency.
The US dollar drifted higher early in the European trading day, following its best week in more than a month, with investors eagerly awaiting the Federal Reserve’s economic conference.
Shorting the dollar, the most crowded trade in foreign exchange, is getting too popular for its own good.
The euro slipped, extending its biggest weekly decline in more than two months as markets judged the single currency’s double-digit gains this year may be too much for a central bank that is still wary of removing stimulus.
ECB president may have developed a system to signal concerns about the currency strength.
But China’s financial reforms have succumbed to strong headwinds in recent years, with the currency reversing into a slide because of slowing economic growth.
The Federal Bureau of Investigation is growing concerned that Wall Street traders are turning to encrypted apps to hide illicit communications from internal compliance
The US Securities and Exchange Commission dropped claims against two former JPMorgan Chase & Co. traders accused of hiding more than $6.2 billion in trading losses as part of the “London Whale’’ case.
This is not market making, it is arbitrage with a twist – and the twist leaves a nasty taste in the mouth.
Lawyers often see the financial system differently to economists or financiers.
With the start of Europe’s MiFID II rules less than five months away, banks and asset managers are scrambling to prepare for a regulatory overhaul that risks doing more harm than good to the finance industry.
Post-crisis rules have not been repealed but new regulatory chiefs will please banks.
Treasury Secretary Steven Mnuchin pushed back against demands made by his former classmates at Yale University that he resign from Donald Trump’s cabinet, and on Saturday defended the president’s response to last weekend’s deadly protests in Charlottesville, Virginia.
Trump economic advisor Gary Cohn is thought to be the odds-on favorite to be the next Federal Reserve chair.
Brian Quintenz was sworn in as a commissioner at the CFTC, after he was confirmed alongside chairman Christopher Giancarlo and Rostin Behnam by the Senate.
Big banks need to split their retail services from riskier investment divisions by 2019.
Wider spreads could hit returns, but some funds eye opening in exotic and securitised markets.
Initial coin offerings, a means of crowdfunding for blockchain-technology companies, have caught so much attention that even the co-founder of the ethereum network, where many of these digital coins are built, says it’s time for things to cool down in a big way.
Hotspot has hired Mike Cahill as director, FX sales, in the firms’ London office.
Barclays has installed devices that track how often bankers are at their desks.
Firm targets asset managers this year and aims to expand in Asia, Japan and Australia.
Asian currencies made little headway as investors were reluctant to stake out new positions ahead of US Federal Reserve’s annual central banking symposium in Jackson Hole later in the week.
The forint eased while most central European currencies were treading water, amid some expectations that the Hungarian central bank (NBH) could try to weaken the currency in the statement it issues after a rate-setting meeting on Tuesday.
From stocks to SWAG and from bonds to bitcoin, many assets look overpriced.