Japan’s yen was the outlier in Asia forex trading as most major currencies in the region ceded ground to the greenback, which was still hovering around its weakest level since November’s presidential election.
President Trump’s self-inflicted crisis is starting to leave its mark, almost wiping out the dollar’s post-election rally.
- Dollar Pressured by US Political Turmoil, Strong Eurozone Data – Reuters
- Dollar Slips on Political Uncertainty – Wall Street Journal (subscription)
The dollar is set to extend its decline as the turmoil engulfing President Donald Trump will make it harder for him to deliver his pro-growth agenda, some of the best currency forecasters say.
The euro surged more than one percent against a broadly weaker dollar, nearly touching $1.11 as it rose to its highest level since Donald Trump was elected US president in November.
Overhaul will leverage conventional technology rather than blockchain solution that underpins new CLSNet service.
Cash injection follows comments from officials suggesting concern that moves to tighten regulation have caused disruption.
Democrats are striking back at the US Congress and White House over their push to cut regulations, as Republicans ratchet up attacks on rules they say hurt business and give bureaucrats too much power.
Senate Majority Leader Mitch McConnell said he’s pessimistic Congress will overhaul the Dodd-Frank Act because he doubts Republicans can secure enough Democratic votes to make major changes to the sweeping legislation that tightened oversight of banks after the financial crisis.
If they ever took him seriously, it didn’t last.
JPMorgan Chase & Co Chief Executive Jamie Dimon responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help “any president” in office.
Efforts to regulate the crypto currency by the Japanese may sharpen its appeal.
Payments were made to Bitcoin wallets used by ransomware hackers; security experts poised to track any money moving out.
Glenn Rosenberg has left his position as product director at EBS as part of a wider restructuring at the group under NEX Markets.
Gareth Thomas joins BTIG’s FX trading group in New York as a director of TradeSave FX.
Kalahari, a provider of real-time pricing and analytics software for financial markets firms, has launched an FX futures and rates service designed to enable users to benefit from real-time futures versus OTC market arbitrage opportunities.
Giovanni Pillitteri has joined HC Technologies in New York.
Citi’s “credit VIX” mirrors the CBOE’s VIX methodology, using a weighted average of option prices on credit default swap indices across a range of strikes.
The Brazilian real strengthened after the central bank resumed market intervention, providing support for the currency ahead of a key vote on pension reform.
After a shaky start, pound sterling has recovered versus the Australian dollar this week.
Risk aversion in global markets mostly weakened Central European stocks and currencies, although Polish government bonds firmed after the size of an auction was cut and ahead of a central bank meeting that is expected to bring no change.