Prediction Markets Still Count as Binary OptionsThe European Securities and Markets Authority (ESMA) said on 3 July that products marketed as “event contracts” may still fall under the EU’s ban on binary options for retail clients, regardless of how they are branded. The statement was directed at b…
By Ragini Mathur and Purvi AgarwalMost Latin American currencies extended gains on Friday and stocks were mixed, a day after weaker-than-expected U.S. jobs data cooled bets on a near-term Federal Reserve rate hike and boosted risk sentiment heading into the weekend.MSCI's Latin American equity inde…
The Mexican peso traded little changed at 17.5 per USD in July as broad US dollar weakness was offset by uncertainty surrounding the USMCA review.The dollar came under pressure after weaker-than-expected US nonfarm payrolls data for June reduced expectations of additional Federal Reserve rate hikes…
By Fergal SmithThe Canadian dollar weakened against its U.S. counterpart on Friday as investors weighed uncertain prospects for Canada's economy, but the move was limited after expectations eased for Federal Reserve interest rate hikes.The loonie FX_IDC:USDCAD was trading 0.1% lower at 1.42 per U.S…
The Brazilian real rose to 5.17 per USD from the three-month low of 5.22 on July 2nd as weak labor data from the US threatened to stretch the rate differential between the Fed and the BCB. The interest rate differential remains supportive for the real, with Brazil's benchmark Selic rate at 14.25% c…
The euro ended the week just above $1.14, gaining 0.5% as the dollar weakened following disappointing US nonfarm payrolls.The US economy added only 57,000 jobs last month, far below expectations, while the unemployment rate unexpectedly fell to 4.2% as workers left the labor force.The euro’s advanc…
The South African rand firmed on Friday, buoyed by a weaker dollar, as weak U.S. jobs data dampened expectations for a near-term Federal Reserve rate hike.
Avis Budget Group, Inc.'s CAR top line benefits from the growing consumer shift toward short-term vehicle access over vehicle ownership. The company drives growth by leveraging its strong market share, optimizing fleet efficiency and capitalizing on rising travel demand, while adapting quickly to s…
The dollar remains weaker in the wake of Thursday's worse-than-expected U.S. nonfarm payrolls data. The data reduced market pricing for imminent interest-rate rises by the Federal Reserve. However, LSEG data still show a 20% probability of a rate hike in July and a 60% chance in September. The rate…
1037 GMT - The U.S. nonfarm payrolls report was a "clear disappointment" for the dollar bulls, says Ebury's Matthew Ryan in a note. "All things considered, a rather soft report that supports our call in favor of no rate hikes from the Federal Reserve this year," says the head of market strategy. Fe…
