Asia FX steady as strong US data dims Fed cut hopes; yen off recent lows

Asia FX steady as strong US data dims Fed cut hopes; yen off recent lows
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Asia FX steady as strong US data dims Fed cut hopes; yen off recent lows
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Cboe Global Markets said Thursday that it will cease its Japanese equities operations, including the Cboe Japan proprietary trading system and the Cboe BIDS Japan block trading platform, citing challenging market conditions. Operations are expected to be suspended from 29 August 2025, with formal closure subject to regulatory consultation. The move is part of Cboe’s…
Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know – more rate cuts to ahead from the Bank. “The direction is clear, it’s the continuation of the direction from 2024, and that is the further reduction of interest rates”…
HSBC Group Chairman Sir Mark Tucker will step down before the end of 2025, the bank announced on Thursday. Tucker joined HSBC’s board in September 2017 and became Group Chairman the following month. The bank noted in its press release that during his tenure, Tucker has overseen major strategic shifts, including the Group CEO succession…
Tradeweb Markets revealed it has secured approval from the U.S. Securities and Exchange Commission (SEC) for its swap execution facility, TW SEF LLC, to be registered as a security-based swap execution facility (SBSEF) under Regulation SE. The milestone allows Tradeweb to facilitate the trading of single-name credit default swaps (CDS) for institutional clients in compliance…
When the US and Canadian markets slashed their settlement window to just one day, the change promised faster trade finality and reduced counterparty risk. But for financial firms across Europe and Asia, it has triggered a logistical scramble, compressing timelines, inflating costs, and straining cross-border trade operations like never before. T+1: A Reform Born in…
Interest Rate Cuts in Australia and China May 20, 2025 Australia’s OCR cut of 25 basis points to a 23-month low of 3.85% today was the second such move since February, but Governor Bullock and a released statement acknowledged significant changes since that initial reduction. Price risks have diminished, while the global landscape for growth…