IMF Managing Director Christine Lagarde warned the U.S. against targeting the exchange-rate policies of any single nation, as the administration of President Donald Trump weighs whether to deliver on his promise to brand China a currency manipulator.
The Central Bank of Iran has issued a new directive in line with anti-smuggling laws, based on which individuals holding more than €10,000 would be subject to an official probe.
The pound remained slightly higher against the dollar on Wednesday after the latest UK jobs report showed that wage growth stagnated, underlining concerns that consumer spending will be eroded as Brexit negotiations get underway.
Cyprus financial regulator CySEC has announced new disclosure requirements targeted at CIF licensed Forex and Binary Options brokers regarding customer complaints. In its efforts to clean up the sector and beef up its image, dealing promptly and effectively with customer complaints seems to be one of the regulator’s main focal points.
Non-oil exporters have threatened to cease exports till restrictions limiting access to their proceeds from the interbank market are removed.The interbank market is the official window through which the Central Bank of Nigeria (CBN) trades on the nation’s currency against its international counterparts.
Next trading day's important events
- USDJPY: 109.70
- EURUSD: 1.0610
- S&P 500: 2350.19
- NASDAQ: 5864.54