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    Prices are probably going up at Walmart. Watch for Target and other retailers to detail the tariff impact this week.

    President Trump tells Walmart to ‘eat’ higher costs brought on by his trade approach as terms like ‘tariffs,’ ‘uncertainty’ and ‘recession’ are coming up more frequently in company...

    Hedge funds burned as Hong Kong dollar bets implode

    Global trade tensions have turned the normally benign Hong Kong dollar into a treacherous currency to trade, with wild spot moves forcing hedge...

    State Street’s interop play for FX

    Having a stable of high-end trading platforms can be a blessing – and a curse. And while experience and familiarity are valuable, legacy...

    Taiwan turmoil: what drove the TWD surge?

    When the New Taiwan dollar (TWD) surged unexpectedly on May 2 and 5, the country’s giant life insurers were immediately blamed for the...

    European investors ramp up FX hedging as ‘dollar smile’ fades

    European asset managers and pension funds are adding more currency hedges to their US equity portfolios following a breakdown of the so-called ‘dollar...

    ‘This is not a wobble’: Brunello Rosa on the path to de-dollarisation

    When the economist and geopolitical strategist Brunello Rosa was finalising drafts of his book Smart Money last year, he noted presciently that critical...

    Goldman Sachs doubled FX trading revenues in 2024

    Goldman Sachs was the top US dealer for foreign exchange trading revenues in 2024, which more than doubled at the firm thanks to...

    EU firms fear dollar liquidity becoming tariff bargaining chip

    European financial institutions are concerned that any renewed escalation of trade tensions with the US could spill over into actions that would limit...

    SpectrAxe hires Deutsche’s Schultz as Americas COO

    FX options venue SpectrAxe has hired Robert Schultz as chief operating officer for the Americas, effective April 21. Schultz joins from Deutsche Bank where...

    Trump tariffs sent FX options traders on a wild ride

    US president Donald Trump’s whipsawing tariff policies created a perfect storm for foreign exchange options dealers, as hedge funds rushed to short US...