Some puzzles were solved by the latest FX turnover surveys and others set – but one thing the UK survey in particular provided, was evidence that disrupting the FX swaps market structure is going to be a tough job.
Major economies around the globe all seem to covet a weaker currency as risks to growth mount. That makes engineering a lower dollar, euro or other heavyweight all the harder.
Boris Johnson promised in his first speech as prime minister to lead Britain out of the European Union on Oct. 31 with “no ifs or buts” and warned that if the bloc refused to negotiate then there would be a no-deal Brexit.
- Boris Johnson Vows to Leave the EU in 99 Days, ‘No Ifs Or Buts’ – Financial Times
- For Boris Johnson’s Britain, a Cold World Awaits – Wall Street Journal
- Boris Johnson: New PM Takes His Revenge and Sacks Over Half the Cabinet – The Guardian
The European Central Bank is all but certain to ease policy further on Thursday, with the biggest question whether it staggers its moves over several months or opts for a big bang.
Global debt jumped $3 trillion in the first quarter of 2019 and now accounts for almost 320% of global economic output according to the Institute of International Finance, while companies in emerging markets are increasingly relying on short-term borrowing.
Stocks and government bonds aren’t the only assets getting a boost from an expected wave of central bank stimulus.
Australia’s top central banker said on Thursday it was prepared to provide additional policy stimulus if future demand growth disappointed and that it was “reasonable” to expect an extended period of low interest rates.
- RBA’s Lowe Will Cut Rates Again if Needed – Australian Financial Review
- How the RBA Got its Inflation Target – Australian Financial Review
One of President Trump’s latest picks for the Federal Reserve board, economic commentator Judy Shelton, has resigned from her post as U.S. envoy to the European Bank for Reconstruction and Development, the bank said Wednesday.
Two investment funds urged an appeals court Tuesday to revive their $370 million suit accusing a foreign exchange firm of participating in a fraudulent currency trading scheme.
The outcome of the government’s latest crackdown is uncertain, but investors shouldn’t assume business will remain as usual.
Was David Marcus’ pledge to Congress a pledge not to launch anywhere without US approval, or just a pledge not to launch in the US?
Legislators from the New York State Assembly have appointed six members to the New York State Digital Currency Task Force.
When Facebook announced its new digital currency Libra last month, little did Zuckerberg and team knew that fake sellers would soon flood the platform to dupe overexcited social media users.
Amid the growing discussion surrounding Facebook’s Libra, China, a global financial superpower, is reportedly giving it all for them to develop their own cryptocurrency.
Atlas Bank is taking a new approach to prime banking and clearing processing in Latin America’s FX markets.
Shift to UK reflects hiring increase amid benefits of weaker sterling.
For many small businesses in the UK, the unpredictability that Brexit has brought to the pound is starting to bite, forcing them to consider raising prices or relocating key facilities.
Morning, the new prime minister would have us believe, has come to Britain.
Though Hard Brexit and Remain advocates continue to maneuver noisily for their preferred outcomes, a soft Brexit is still the likely outcome of the UK’s Brexit saga.
Westpac Bank forecast New Zealand’s central bank would cut rates twice this year as headwinds for the economy from growing business pessimism compounded.
Expectations will be higher than usual when Mario Draghi sits in front of the microphone later today, for one of his final press conferences as European Central Bank president.