Muted moves just sent a cross-asset gauge of price swings in equities, rates, currency and commodities to the lowest since 2014.
Slide and rebound in sterling points to fragile market sentiment.
Mark Carney has said that some globally systemic banks based in the UK are in a position to “adjust some activities” that currently take place in the UK “over the next year” in response to concerns that the UK’s exit from the EU will jeopardise their current operating models.
Pound sterling remains highly vulnerable to political sentiment and the words of the UK Chancellor appears to have been the undoing of a recent relief rally in the UK currency.
There’s no evidence traders outside of Europe are more pessimistic on sterling, which has dropped most in European hours.
The European Central Bank and the Germany’s monetary authority are at odds over the best way to prevent high-speed trading from amplifying market volatility.
Cobalt DL, which plans to launch distributed ledger-based FX post-trade platform in 2017, has announced a partnership with SETL to deploy its Open CSD distributed ledger within the platform.
Investors haven’t responded to the Chinese currency’s protracted slide the way they did to last year’s sharp drop.
With the two new futures contracts, Taifex broadens FX offering to include its first two G10 pairs.
Faced with a year-long mourning period for King Bhumibol Adulyadej that’s set to curb spending, Thailand’s economy also confronts a new challenge: a resurgent currency that may hurt exports just as the industry is showing some signs of recovery.
Trading desks need to slim down and better focus their limited resources on key clients.
Parallel currency markets, mostly for dollars, are back.
City bosses will enjoy a rare treat this week: the chance to tell their regulator what to do.
Firms with less than €8 billion OTC trades could be made exempt from clearing.
A survey by the payments and foreign exchange company, AFEX, shows that one-third of Australian small- and medium-sized enterprises planned to either start using or upgrade automated international payment platforms over the next year.
Business leaders in Thailand and Cambodia, Laos, Myanmar and Vietnam (CLMV) are urging their governments to use local currencies for trading along borders instead of the US dollar to facilitate business and cut costs.
The Canadian dollar strengthened against its US counterpart but pared sharp gains made after its official close the previous day after the centralbank clarified remarks made by Bank of Canada Governor Stephen Poloz and as oil fell.
The trade-weighted USD has strengthened close to 5% over the past month, whereas the move in USD/CNY is only around 1.6%.
Most emerging Asian currencies gained on Wednesday as the dollar retreated from a near nine-month peak, while regional units struggled to sustain the momentum due to growing expectations of a US Federal Reserve interest rate hike in December.
Investors firmed on the Australian dollar ahead of Wednesday’s key Australian session, despite strong upside factors in the US dollar.