ECB’s Nagel keeps December rate hike in play despite case for October pause
ECB governing council member Joachim Nagel says the eurozone shows no sign yet of an inflation spiral, giving the central…
Forex News
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Euro slides to 17-month low as French debt rout and Spain’s political uncertainty weigh on the single currency
The euro fell to a 17-month low against the dollar on Monday as a French bond sell-off and political uncertainty…
Australia’s services PMI slows to 51.9 as job cuts return and price pressures build
Australia's services PMI eased to 51.9 in September from 53.2, a three-month low, as firms cut staff for the first…
Iran’s Rial Hits Fresh Low as $2 Billion Intervention Fails to Stem Slide
Iran's rial weakened further on Saturday even after the central bank moved to sell up to $2 billion to defend…
Hedge Funds’ $1.2 Trillion Treasury Basis Trade Depends on Overnight Repo Loans
Hedge funds have built a $1.2 trillion position exploiting tiny pricing gaps between Treasury bonds and futures, funded mostly with…
