A study of Trump’s first 100 days in office by currency market utility CLS shows the hourly surges in currency market volumes compared with the equivalent from the same trading day a year earlier around market-sensitive actions or comments by Trump or his aides.
A committee established by the Bank of England has formally backed a new reference rate for valuing sterling-based derivatives, the latest step in reforming benchmarks after the Libor scandal.
The dollar edged up in Asian trading but was on track for a losing month against a basket of currencies, while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias.
The currency has made another run higher against the dollar this morning, gaining 0.26 per cent on the day so far to reach its highest level in seven months at $1.2938, further erasing the dent seen since last October’s flash crash.
The last trading day of April will deliver a mammoth data dump for traders to absorb.
Solid growth numbers from Spain prodded the euro higher in early European deals after a week trading at its highest in almost six months on the back of a perceived easing in political risks in France.
As access to credit is becoming increasingly constrained in the FX market, Noel Singh, head of e-FX business development at Sucden Financial, explains to Profit & Loss that this is not the only factor at play in the evolving prime services space.
Shifting euro-clearing away from Britain and into the eurozone would be a “deeply, deeply bad event” that could cripple European firms, City veteran Michael Spencer has warned.
The European Central Bank said it will host a meeting of banks on May 4 at its offices in Frankfurt.
Sliding volatility in global currency markets is increasing the allure of carry trades and the most appealing targets are the Mexican peso and Indonesian rupiah, according to a Bloomberg analysis.
Emerging equities slipped on Friday but were set for a fourth straight month of gains and currencies too have mostly strengthened in April, with the exception of the rouble which snapped a four-month winning streak.
Worries about geopolitical risk may sway central banks to remain supportive of markets, but such an argument looks a little thin.
Insurers are asking for a 30-day delay before they must publicly report swap positions.
New York banking regulators have thrown their weight behind efforts to import a UK-style audit of whether culture is improving in the wake of scandals in the City of London and on Wall Street.
A significant 64% of financial institutions have said they are unsure or not confident about meeting the January 2018 compliance deadline, according to a new survey.
Step-in risk guidelines could be taken more seriously in the EU than in the US.
By all accounts the Treasury was on a path working with other agencies to produce a set of tax reform proposals by June.
A senior Republican lawmaker plans to introduce a bill to require financial regulators to create innovation offices that would share technology information with each other and help guide nascent firms to proper authorities.
Money managers are ramping up their use of algorithmic trading in one corner of the $5.1-trillion-a-day currency market.
CME Group will expand the number of FX products it offers triangulation functionality in on May 14.
Barclays dropped the most in almost six months after it became the latest European bank to post trading results that failed to live up to the gains American firms reported.
Eurex results were down in the first quarter of the year, while post-trade revenue rose.
JPMorgan Chase & Co has left the mammoth bank blockchain consortium led by New York-based start-up R3 CEV, the latest member to depart over the course of the company’s fundraising process, R3 confirmed.
Currency markets were cooling off after confusion around the Trump administration’s position on Nafta drove heavy trade in North American currencies during the previous session.
Asian stocks slipped as investors took profits after a strong week, while the Korean won weakened after US President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.
Croatia’s kuna joined a firming of Central European peers despite a split in the country’s ruling coalition, helped by seasonal factors and more risk appetite after last Sunday’s French presidential vote.