The Swiss franc held near the day’s highs after posting its biggest single-day rise against the euro since the central bank removed its cap on the currency in January 2015.
The dollar rose against a trade-weighted basket of currencies as investors consolidated positions with the low-yielding Swiss franc and Japanese yen supported amid deepening anxiety over tensions between the United States and North Korea.
Sterling hit a three-week low against a recovering US dollar, falling a third of a percent ahead of industrial output and trade data watched for more signs of the economic impact of the Brexit process.
The gains would outweigh the costs and help chart a path for the continent’s future.
The yen has risen in earlier cases of tensions on the Korean Peninsula.
China’s central bank strengthened the trading band for the renminbi by the most in more than two months, pushing its midpoint below Rmb6.7 per dollar for the first time in over ten months.
Hong Kong dollar’s steady decline abruptly reversed Wednesday.
XTX Markets says it is now operating a ‘zero hold time’ (ZHT) model in its application of last look to its FX counterparty businesses.
There seems little doubt that the industry is shifting gears on the issue.
But the next stage in the success story is due, the financial consultancy says.
The structure of the FX market means that transaction cost analysis (TCA) within this asset class is unlikely to look like it does equities for the foreseeable future, according Dan Torrey, global head of FX e-commerce sales at Northern Trust.
Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.
Other dealers do not have to collect margin on physically settled forwards.
Trading firms have said a lack of prohibition by Europe could hamper US-EU equivalence.
The European Securities and Markets Authority (Esma) has backtracked on stricter rules for depositories that some critics had said would choke tri-party repo markets and prime brokerage.
With less than six months to go, market participants are scrambling to get ready.
For 10 years, central banks have done what they could to keep markets stable. Governments can’t say the same.
Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5.
Hedge Funds gained 1.11% in July according to the Barclay Hedge Fund Index compiled by BarclayHedge.
Barclays Plc hired Michael Tyndall from Nomura Holdings as a senior trader for foreign exchange options, according to a person familiar with the move.
The foreign exchange market has long been dominated by a select group of large banks, but Euromoney’s inaugural five-star FX rankings show a different set of banks may be providing the best client service.
FX commissions drop despite increase in trading volume due to low volatility and general risk environment.
South Korea’s stocks and currency fell after President Donald Trump said Kim Jong Un’s regime will face a devastating military strike if it continues threatening the US, an escalation of geopolitical tension that reverberated through global markets.
New Zealand dollar dropped as much as one per cent following comments from central bank officials that indicated preference for a lower exchange rate against its US counterpart.
The South African rand fell for a second day against the dollar after President Jacob Zuma survived a no-confidence vote that could have brought an end to his administration.