The dollar dipped as investors sought the traditional security of the Japanese yen after new US immigration curbs put the spotlight back on President Donald Trump’s protectionist bent and the risks it poses for the economy.
US currency is no longer cheap and much optimism is already priced in.
Mexican and US presidents speak, cooling tensions that have sparked big fluctuations for currency.
Mexico should consider a forex stabilisation programme to curb inflationary pressures, according to the county’s richest man, Carlos Slim.
Britain’s pound fell, setting it on course for its first three-day fall against the dollar of the year and putting it on the back foot ahead of Thursday’s first Bank of England meeting of 2017.
The Malaysian anti-graft agency has advised Bank Negara Malaysia (BNM) to conduct its own internal probe over the alleged loss of US$10 billion (RM44.3 billion now) in a foreign currency trading scandal in the 1990s.
The latest brouhaha over FX losses took place 20 years ago but highlights the mayhem central banks can still create.
Offshore rate against the dollar has been stronger than its onshore counterpart.
India’s currency is poised to weaken this year as the central bank seeks to cushion the economy from excessive appreciation, according to Deutsche Bank.
Liquidity, fragmentation and geopolitics dominate closing conversations on Day 2 at Profit & Loss Forex Network Chicago.
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Steven Mnuchin made clear he doesn’t want Wall Street banks getting back into the business of making risky market bets with their own capital, after Senate Democrats pushed him to clarify his responses to questions they asked during his confirmation process to be Treasury secretary.
US bank regulators are taking a hard line in a showdown with the European Union over global capital rules, even as President Donald Trump begins to pull the country out of international agreements and prepares to roll back financial regulations.
A European proposal for a tax on financial transactions is trapped in limbo: financial realities won’t let it come to life while political opportunism is preventing a quick death.
Head of US bank warned about threat to London at private Davos meeting.
The former hedge fund manager, who now charges $25,000 a year for his insights, forecasts the pound moving to $1.15—which he calls ‘conservative.’
The buyside is transforming the way it trades foreign exchange due to changes in liquidity provision in a forerunner for other asset classes, especially rates, according to consultancy Celent.
Shift from enforcement to banking follows flurry of moves through the revolving door.
Chicago traders who survived doldrums in recent years (not to mention boredom) are pumped about more volatility and volume in the age of President Donald Trump.
The South African rand and Russian rouble were pummeled by weaker commodity prices, leading a wider fall in emerging currencies, while the Turkish lira bucked the trend with a 1.2 percent jump versus the dollar.
Latin American currencies mostly strengthened after weaker-than-expected US growth figures dampened expectations of a fast rate-hiking cycle in the coming months.
The current week has started off poorly for the GBP/NZD exchange rate, which has remained negative on account of a lack of direct UK economic data.