The yen was visibly weaker in Asia, flirting with the ¥114 per dollar mark in the wake of Prime Minister Shinzo Abe’s resounding weekend victory at the polls.
The dollar touched a three-month high against the yen, with investors betting that an emphatic election victory for Japan’s ruling party would see a continuation of the ultra-loose “Abenomics” policy that have kept downward pressure on the yen.
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Britain’s pound edged lower against the dollar as worries over divisions within the ruling Conservative Party as well as uncertainty over the Bank of England’s interest rate outlook left the currency on unsteady ground.
Even a modest narrowing of its bond-buying programme may do long-term euro damage.
In a brief statement today, ANZ has announced it has reached a confidential in-principle agreement with the Australian Securities and Investments Commission (ASIC) to settle court action relating to the Australian interbank BBSW market.
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues.
Why would you want equities market structure for FX?
The traditional assumption in the FX industry is that accessing a bank prime broker is always preferable to using a prime-of-prime.
They may both have been a long time in the pipeline, but the wait for CME and LCH’s introduction of OTC FX options clearing services is nearly over.
In real, trade-weighted terms EM FX has fallen this year.
He’s drawn comparisons to the US president, but don’t expect billionaire Andrej Babis to deliver a version of the “Trump bump” after his dominant showing in Czech elections.
Vietnam’s central bank said record-high foreign reserves will enable it to keep the currency stable for the rest of the year as the government focuses on boosting growth in the Southeast Asian economy.
Data indicate possible market abuse after tighter EU rules introduced.
Uniform access to deposit accounts and overnight liquidity vital, say market participants.
All candidates likely to get 51 votes needed for confirmation.
Regulator gears up to handle moves in a blow to UK capital on managing Asia risk.
Buyside and sellside still awaiting details of some rules.
Four senior foreign exchange employees have reportedly left Wells Fargo following an internal investigation into an unspecified matter, according to reports.
Open data movement technology provider Solace has announced that Cobalt, which aims to reduce the cost, risk and complexity of FX post-trade processing, is using it to facilitate the event-driven flow of information.
Intense price swings in cryptocurrencies are luring the highest-volume traders on Wall Street as they search for relief from the low volatility blanketing financial markets.
China’s central bank lowered its official yuan midpoint to the lowest level in nearly two weeks to 6.6205 per dollar, reflecting spot yuan performance last Friday and dollar movement in global markets.
The New Zealand dollar was up 0.2 per cent in afternoon Asia trading, steadying from a sharp decline seen since a surprise change in government was announced on October 19.
The South African rand took a particularly bad hit from the stronger dollar, as political worries following this week’s cabinet reshuffle exacerbated a broader decline in emerging market assets.