Government investigators have demanded that several bitcoin exchanges hand over comprehensive trading data to assist a probe into whether manipulation is distorting prices in markets linked to the cryptocurrency, according to people familiar with the matter.
Federal Reserve tightening and robust economy also boost the currency.
Sterling slid against the dollar and the euro after UK factory output showed its biggest monthly drop since 2012, underlining that economic momentum in the UK remains fragile and will likely need to improve before interest rates are raised.
The euro rose as traders turned their attention away from a divisive G7 summit towards a European Central Bank (ECB) policy meeting that could signal the beginning of the end of the bloc’s vast economic stimulus.
Italy’s finance minister has said the new government was “clear and unanimous” in its desire to keep the country inside the euro, as he sought to reassure EU officials and investors about Rome’s economic policies.
Germany’s finance minister Olaf Scholz has called for the re-location of London’s euro clearing business after Brexit and suggested it should move to Frankfurt.
To have the US president casually and without care tweet out the data early greatly increases the risk of a loss to some market participants.
Colin Lambert and Galen Stops discuss some of the news stories that have hit the headlines over the past week and their thoughts on the first anniversary of the FX Global Code.
In less than 18 months, European users of non-deliverable forwards (NDFs) face a big problem – three fixings in popular Asian currencies could be deemed off limits by regulators.
A former banker is now a top US banking regulator and he’s reversing a number of his predecessor’s biggest initiatives.
US regulators’ efforts to simplify key test of trading intent could ramp up data demands.
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year’s slump in bitcoin to more than 50 percent.
R3, a startup that last year announced it had raised $107 million to bring blockchain services to the financial sector, is floundering and could be out of money by early next year, according to two former employees of the company.
Entrepreneur Jonathan Bixby seeks to ‘democratise’ crypto-mining process.
Barclays has embarked on an aggressive hiring programme in continental Europe as the UK banking giant moves to Brexit-proof its business amid concerns it is too exposed to Britain’s impending departure from the European Union.
The traditional markets business model in banking is under pressure, Colin Lambert talks to Imed Souki, global head of FRC trading at UBS, and Christopher Purves, recently appointed head of UBS’ Strategic Development Lab for FRC, about how the bank is responding to a such a challenging environment.
In the turmoil that has struck emerging market currencies over the past six weeks the headlines have been grabbed by the Turkish lira, the Argentine peso and, in the past week, the Brazilian real.
The Pakistani currency dropped almost four per cent against the greenback after what traders said was the third intervention from the country’s central bank since December.