Participants in a class action lawsuit that alleges Barclays abused last look on its proprietary trading platform BARX have until March 30 2017 to opt out of the proposed $50 million settlement.
The Australian Financial Markets Association has announced that it will transfer administration of the BBSW (bank bill swap rate) benchmark rate to ASX.
The dollar was on course for its first weekly fall in four weeks against the euro and a basket of currencies, with investors trimming bets against the single currency before US jobs numbers and Italy’s constitutional referendum.
But alternatives to the greenback are hard to identify.
The pound climbed to its highest level against the euro in almost three months after a rare public comment from the government on its strategy for leaving the EU, adding further momentum to the currency’s November rally.
- Sterling Makes Best Run vs Euro in Nine Months as Hard Brexit Fears Ease – Reuters
- Pound Performing Solidly in Early Trade – Financial Times (subscription)
The euro rose to session highs against the dollar after French President Francois Hollande said he would not seek a second term in office, a surprise move seen paving an easier path for conservative Francois Fillon to win the post in 2017.
Mexico central bank Governor Agustin Carstens is resigning his post next year to run the Bank for International Settlements, leaving the nation without its best-known policy maker amid new economic challenges from the Trump administration.
The People’s Bank of China set the trading band for the renminbi against the dollar stronger for a fourth session this week, despite a softening greenback and amid intensifying efforts to stem capital flight.
The zloty hit a five-month low due to fears that Standard & Poor’s may downgrade Poland’s debt rating, while long-dated government bonds remained under pressure in Central Europe.
The lira is struggling to stage much of a comeback after slumping yesterday, remaining stuck near record lows.
CME Group plans to strengthen efforts to deter wrongdoing in markets by raising the maximum possible fine for rule breakers, the company said, further raising the stakes for rogue traders following the first US criminal convictions for the manipulative practice known as spoofing.
A federal court ruled that the Internal Revenue Service can serve digital-currency- services company Coinbase with a “John Doe summons” that seeks detailed information on its customers’ transactions from 2013 to 2015.
Some columnists are even drawing comparisons to the currency meltdown that preceded the 1997-1998 Asian Financial Crisis.
Uncertainty over the path of Latin American currencies has spiked following the surprise election of Donald Trump to the White House, with chances of more sudden losses against the US dollar in coming months, a Reuters poll showed.
Sober reality bites on automating networks of trust on which modern finance rests.
The announcement marks the completion of the overhaul of EU market regulation.
Over 70% of provisions under Dodd-Frank have already been approved in six-year process of implementation.
Vice President Biden will appear with former Federal Reserve Chairman Paul Volcker at Georgetown University on Monday.
CME Clearing Europe has become the latest European clearing house to win approval from the US Commodity Futures Trading Commission.
George Harrington has left his role as the head of Bloomberg’s fixed income, currency and commodity (FICC) trading business.
Canadian exchange operator TMX Group has partnered with Velocity Trade, a global provider of equity and foreign exchange trading services, to enhance the foreign exchange capabilities of its TMX Analytics product suite.
Relative political stability, economic resurgence in some of the larger nations and the emergence of reform-oriented governments make emerging economies an attractive investment target for next year, according to Swiss investment bank Credit Suisse.
Global stocks, oil and the dollar eased with investors took a cautious stance before Italy’s referendum on constitutional reform and US payrolls data later in the day, which may cement the case for a Federal Reserve rate increase.
Emerging equities fell more than one percent and currencies weakened after strong US data raised the spectre of faster US Federal Reserve rate rises, while South African markets were jittery before a sovereign debt ratings review.
The British pound to Indian rupee exchange rate held near its best levels since September.