Financial Times
Foreign exchange bankers reacted with alarm on Wednesday to proposals from Barney Frank, chairman of the House financial services committee, that would require trades in currency derivatives to be processed through a centralised clearing system. Bankers warned the proposals would introduce new systemic risks.... (Read More)
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Currency Trading News by DailyFX
EURUSD – Euro Forecast Flips to Bearish Against DollarGBPUSD – British Pound Forecast Points to Short-term PullbackUSDJPY – Japanese Yen Likely to Rally Further versus US DollarUSDCHF – Swiss Franc Outlook Turns BearishUSDCAD – Canadian Dollar Likely to Pull Back against US DollarGBPJPY – British Pound Forecast to Decline v (Read More)
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Wall Street Journal
South Korea unveiled several measures aimed at helping local firms better manage foreign exchange risks and to reduce imbalances. (Read More)
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Wall Street Journal
Elevated gold prices indicate “gold bugs are bidding up prices to hedge against inflation and the U.S. dollar,” says Kathy Lien, director of currency research at GFT Forex. Reaction in currency markets to worse-than-expected housing data and a slight uptick in CPI was muted, but gold continues to trade near record highs, wh (Read More)
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Financial Times
Bankers fear new systemic risk if companies face higher costs for hedges under centralised clearing and potentially be required to post extra collateral. (Read More)
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Currency Trading News by DailyFX
Forex options and futures markets paint a decidedly mixed picture for the US Dollar, as traders are increasingly unsure of short-term direction. We had been calling for a major US Dollar turnaround for quite some time now, and the EUR/USD’s sharp initial reversal from $1.50 gave us reason to believe that the Greenback could (Read More)
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Currency Trading News by DailyFX
US Dollar’s Future in the Hands of SpeculatorsEuro Remains Below 1.5050 - Is It a Double Top?Japanese Yen Likely to Range Trade Against the US DollarBritish Pound Forecast Bullish Versus Euro but watch for BoE SurprisesSwiss Franc to Hold Range as SNB Pledges to Maintain PolicyCanadian Dollar Strength May Hinge on Break in (Read More)
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Reuters
NEW YORK (Reuters) - The dollar fell on Monday as a rise in U.S. retail sales failed to change the outlook for U.S. interest rates and disagreement among Asian and U.S. leaders on exchange rates weakened the greenback.
. (Read More)
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forex weekly analysa
Highlights Risk assets and the USD are at a critical juncture US retail sales on the radar MPC minutes could bring clarity to the issue of BoE QE Cable continues to find buyers on dips Key data and events to watch next weekThe risk rally extended gains this past week as optimism over theglobal recovery beat out (Read More)
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