Posts Tagged ‘financial’

FSB Weighs Wider Window for Foreign-Exchange Benchmarks

by Forex Rooton July 15, 2014 3:18 pm BST
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board proposed changes to the way the WM/Reuters rates are calculated, including extending the length of the one-minute windows on which the benchmark is based, and […]

Financial Markets on Fear After Espirito Santo Bank Problems

by Forex Rooton July 13, 2014 11:24 pm BST
Concerns after Espirito Santo Bank (Portugal’s largest listed bank) was badly exposed to its owners’ accounting problems brought huge attention and raised alerts in Europe and the U.S. Investors on fear asking whether there were more shoes to drop in European banking. Also some excess speculation that has been building up in various corners has […]

Dollar Around One-Week Low Against Major Currencies

by Forex Rooton July 10, 2014 8:21 am BST
The dollar traded around one-week lows against a basket of major currencies on Thursday, coming under pressure after minutes of the Federal Reserve’s June meeting gave no clear indication about the timing of any interest rate rise. The Fed minutes confirmed that the U.S. central bank’s monthly bond purchases would probably end in October and […]

Yen firmer vs dollar, awaits new BOJ governor’s remarks

by Forex Rooton March 21, 2013 5:44 am BST
The yen inched higher versus the dollar on Thursday but its gains were limited as markets waited for clues on how aggressively the Bank of Japan will ease monetary policy under its new leadership. New BOJ Governor Haruhiko Kuroda and new Deputy Governors Kikuo Iwata and Hiroshi Nakaso are scheduled to hold a news conference […]